Indian tax structure
- Question. : What are you doing?
Ans. : Business.
Tax : PAY PROFESSIONAL TAX! - Question. : What are you doing in Business?
Ans. : Selling the Goods.
Tax : PAY SALES TAX!! - Question. : From where are you getting Goods?
Ans. : From other State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI! - Question. : What are you getting in Selling Goods?
Ans. : Profit.
Tax : PAY INCOME TAX! - Question. : How do you distribute profit ?
Ans : By way of dividend
Tax : Pay dividend distribution Tax - Question. : Where you Manufacturing the Goods?
Ans. : Factory.
Tax : PAY EXCISE DUTY! - Question. : Do you have Office / Warehouse/ Factory?
Ans. : Yes
Tax : PAY MUNICIPAL & FIRE TAX! - Question. : Do you have Staff?
Ans. : Yes
Tax : PAY STAFF PROFESSIONAL TAX! - Question. : Doing business in Millions?
Ans. : Yes
Tax : PAY TURNOVER TAX!
Ans : No
Tax : Then pay Minimum Alternate Tax - Question. : Are you taking out over 25,000 Cash from Bank?
Ans. : Yes, for Salary.
Tax : PAY CASH HANDLING TAX! - Question.: Where are you taking your client for Lunch & Dinner?
Ans. : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX! - Question.: Are you going Out of Station for Business?
Ans. : Yes
Tax : PAY FRINGE BENEFIT TAX! - Question.: Have you taken or given any Service/s?
Ans. : Yes
Tax : PAY SERVICE TAX! - Question.: How come you got such a Big Amount?
Ans.. : Gift on birthday.
Tax : PAY GIFT TAX! - Question.: Do you have any Wealth?
Ans. : Yes
Tax : PAY WEALTH TAX! - Question.: To reduce Tension, for entertainment, where are you going?
Ans. : Cinema or Resort.
Tax : PAY ENTERTAINMENT TAX! - Question.: Have you purchased House?
Ans. : Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE ! - Question.: How you Travel?
Ans. : Bus
Tax : PAY SURCHARGE! - Question.: Any Additional Tax?
Ans. : Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.’s TAX !!! - Question.: Delayed any time Paying Any Tax?
Ans.. : Yes
Tax : PAY INTEREST & PENALTY! - INDIAN :: can i die now??
Ans :: wait we are about to launch the funeral tax!!!
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