TAX STRUCTURE IN INDIA - Every Indian Citizen Must see

K N V S SIVAKUMAR (QUALITY LEAD AT CHEGG INDIA PVT LTD)   (964 Points)

10 October 2010  

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!!!