Country tax profile · 2026
India wealth tax
None
annual net wealth tax
How India treats wealth
No wealth tax (abolished 2015)
✓ India levies no annual wealth tax, your net worth is not taxed year on year.
Compiled by MyNomadWorld for India and currently being re-verified against primary sources. Confirm with a local adviser before relying on it.
How India compares
183 of 197 countries we track have no annual net wealth tax. India is one of them.
Who is a tax resident of India?
>=182 days in India in the FY; OR >=60 days in FY + >=365 days over preceding 4 years (60-day rule extended to 120/182 days for citizens/PIOs with Indian income >INR 15 lakh). Deemed resident: Indian citizen with Indian income >INR 15 lakh not liable to tax elsewhere.
Related India taxes
Moving to India?
Get matched with a vetted India tax & immigration advisor who handles residency and the exit from your current country.
See advisors →India wealth tax FAQ
What is the wealth tax rate in India?
No wealth tax (abolished 2015)