India Wealth & Property Tax
Detailed wealth & property tax rates and rules for India in 2026.
Wealth Tax
India abolished the wealth tax effective April 1, 2016. The wealth tax (at 1% on net wealth exceeding INR 30 lakh) was replaced by an additional surcharge on high-income earners. High-net-worth individuals must still file a statement of assets and liabilities if their income exceeds INR 50 lakh.
Wealth Tax Rate
0%
Inheritance / Estate Tax
India does not impose an inheritance or estate tax. The estate duty was abolished in 1985. However, gifts exceeding INR 50,000 received from non-relatives are taxable as income in the hands of the recipient under Section 56(2)(x).
Top Rate
0%
Property Tax
Property tax in India is levied by municipal corporations and local bodies on real estate ownership. Rates vary significantly across municipalities and cities. Stamp duty of 4-8% (varying by state) applies on property transfers, and registration charges of approximately 1% also apply. Many states have reduced stamp duty rates for women buyers as an incentive.
How India Wealth Tax compares
India does not tax net wealth. 191 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
