TAX STRUCTURE IN INDIA

TAX STRUCTURE IN INDIA




1> Qus. : What are you doing?

Ans. : Business.

Tax : PAY PROFESSIONAL TAX!



2> Qus. : What are you doing in Business?

Ans. : Selling the Goods.

Tax : PAY SALES TAX!!



3> Qus. : From where are you getting Goods?

Ans. : From other State/Abroad

Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!



4> Qus. : What are you getting in Selling Goods?

Ans. : Profit.

Tax : PAY INCOME TAX!



5> Qus. : How do you distribute profit ?

Ans : By way of dividend

Tax : Pay dividend distribution Tax



6> Qus.. : Where you Manufacturing the Goods?

Ans. : Factory.

Tax : PAY EXCISE DUTY!



7> Qus. : Do you have Office / Warehouse/ Factory?

Ans. : Yes

Tax : PAY MUNICIPAL & FIRE TAX!



8> Qus. : Do you have Staff?

Ans. : Yes

Tax : PAY STAFF PROFESSIONAL TAX!



9> Qus. : Doing business in Millions?

Ans. : Yes

Tax : PAY TURNOVER TAX!

Ans : No

Tax : Then pay Minimum Alternate Tax



10> Qus. : Are you taking out over 25,000 Cash from Bank?

Ans. : Yes, for Salary.

Tax : PAY CASH HANDLING TAX!



11> Qus.: Where are you taking your client for Lunch & Dinner?

Ans. : Hotel

Tax : PAY FOOD & ENTERTAINMENT TAX!



12> Qus.: Are you going Out of Station for Business?

Ans. : Yes

Tax : PAY FRINGE BENEFIT TAX!



13> Qus.: Have you taken or given any Service/s?

Ans. : Yes

Tax : PAY SERVICE TAX!



14> Qus.: How come you got such a Big Amount?

Ans. : Gift on birthday.

Tax : PAY GIFT TAX!



15> Qus.: Do you have any Wealth?

Ans. : Yes

Tax : PAY WEALTH TAX!



16> Qus.: To reduce Tension, for entertainment, where are you going?

Ans. : Cinema or Resort.

Tax : PAY ENTERTAINMENT TAX!



17> Qus.: Have you purchased House?

Ans. : Yes

Tax : PAY STAMP DUTY & REGISTRATION FEE !



18> Qus.: How you Travel?

Ans. : Bus

Tax : PAY SURCHARGE!



19> Qus.: Any Additional Tax?

Ans. : Yes

Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!



20> Qus.: Delayed any time Paying Any Tax?

Ans. : Yes

Tax : PAY INTEREST & PENALTY!



21> INDIAN :: can i die now??

Ans :: wait we are about to launch the funeral tax!!!