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@surya kumar_2605

Bulgaria has a 10% flat tax, with few allowances. There is a possible mortgage interest allowance, but I don't know if you (or an Indian mortgage) would qualify. Car loans and other consumer loans would definitely be excluded. It's for the interest on 50k euros of mortgage, so it's not going to have a huge impact anyway. e,g. 50k annual interest around 2.5k, deduct that from your 50k income and you'd pay tax of 4,750 euros instead of 5,000. :-)

If you have a Bulgarian company (some consider it has tax advantages over self-employment) then interest payments are considered business expenses, reducing the business net income. But this would only be if it's a company car loan (or lease), or a company mortgage.

Even with no allowances, you'd be far better off with a Bulgarian 10% tax rate than a Swedish 33%. And your cost of living and property would also be far lower here.