TAX STRUCTURE IN INDIA
1) Question. : What are you doing?
Answer: Business.
Tax: PAY PROFESSIONAL TAX!
2) Question. : What are you doing in Business?
Answer: Selling the Goods.
Tax: PAY SALES TAX!!
3) Question. : From where are you getting Goods?
Answer: From other State/Abroad
Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!
4) Question. : What are you getting in Selling Goods?
Answer: Profit.
Tax: PAY INCOME TAX!
5) Question. : Where you Manufacturing the Goods?
Answer: Factory.
Tax: PAY EXCISE DUTY!
6) Question. : Do you have Office / Warehouse/ Factory?
Answer: Yes
Tax: PAY MUNICIPAL & FIRE TAX!
7) Question. : Do you have Staff?
Answer: Yes
Tax: PAY STAFF PROFESSIONAL TAX!
8) Question. : Doing business in Millions?
Answer: Yes
Tax: PAY TURNOVER TAX!
9) Question. : Are you taking out over 25,000 Cash from Bank?
Answer: Yes, for Salary.
Tax: PAY CASH HANDLING TAX!
10) Question. : Where are you taking your client for Lunch & Dinner?
Answer: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX!
11) Question. : Are you going Out of Station for Business?
Answer: Yes
Tax: PAY FRINGE BENEFIT TAX!
12) Question. : Have you taken or given any Service/s?
Answer: Yes
Tax: PAY SERVICE TAX!
13) Question. : How come you got such a Big Amount?
Answer: Gift on birthday.
Tax: PAY GIFT TAX!
14) Question. : Do you have any Wealth?
Answer: Yes
Tax: PAY WEALTH TAX!
15) Question. : To reduce Tension, for entertainment, where are you going?
Answer: Cinema or Resort.
Tax: PAY ENTERTAINMENT TAX!
16) Question. : Have you purchased House?
Answer: Yes
Tax: PAY STAMP DUTY & REGISTRATION FEE!
Can I live there without any tax ?
Sorry only a small portion as Muncipal taxes.
17) Question. : How you Travel?
Answer: Bus
Tax: PAY SURCHARGE!
18) Question. : Any Additional Tax?
Answer: Yes
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVERNMENT'S TAX!!!
19) Question. : Delayed any time Paying Any Tax?
Answer: Yes
Tax: PAY INTEREST & PENALTY!
20) INDIAN: can I die now??
Answer: wait we are about to launch the funeral tax!!!
21 ) After Death ?
Good News we have abolished Estate duty !!!!!!!!!!!! !!
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