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Friday 5 December, 2008
 17:29 | 5/Nov/2007 |  3 Comment(s)
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How tax eats the man........

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. : Where you Manufacturing the Goods?
Ans.: Factory.
Tax: PAY EXCISE DUTY! 
 

 6) Qus. : Do you have Office / Warehouse/ Factory?
Ans.: Yes
Tax: PAY MUNICIPAL & FIRE TAX! 
 

 7) Qus. : Do you have Staff?
Ans.: Yes
Tax: PAY STAFF PROFESSIONAL TAX! 
 

 8) Qus. : Doing business in Millions?
Ans.: Yes
Tax: PAY TURNOVER TAX! 
 

 9) Qus. : Are you taking out over 25,000 Cash from Bank?
Ans.: Yes, for Salary.
Tax: PAY CASH HANDLING TAX! 
 

 10) Qus. : Where are you taking your client for Lunch & Dinner?
Ans.: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX! 
 

 11) Qus. : Are you going Out of Station for Business?
Ans.: Yes
Tax: PAY FRINGE BENEFIT TAX! 
 

 12) Qus. : Have you taken or given any Service/s?
Ans.: Yes
Tax : PAY SERVICE TAX! 
 

 13) Qus. : How come you got such a Big Amount?
Ans.: Gift on birthday.
Tax: PAY GIFT TAX! 
 

 14) Qus. : Do you have any Wealth?
Ans.: Yes
Tax: PAY WEALTH TAX! 
 

 15) Qus. : To reduce Tension, for entertainment, where are you going?
Ans.: Cinema or Resort.
Tax: PAY ENTERTAINMENT TAX! 
 

 16) Qus. : Have you purchased House?
Ans.: Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE ! 
 

 17) Qus. : How you Travel?
Ans.: Bus
Tax: PAY SURCHARGE! 
 

 18) Qus. : Any Additional Tax?
Ans.: Yes
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL &  SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!! 
 

 19) Qus. : Delayed any time Paying Any Tax?
Ans.: Yes
Tax: PAY INTEREST & PENALTY!

Category: Technical | Permalink