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