Indian Tax Structure
Read Time:1 Minute, 33 Second
- Qus.: What are you doing?
Ans.: Business.
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?
Ans.: Profit.
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?
Ans.: Factory.
Tax : PAY EXCISE DUTY - Qus.: Do you have Staff?
Ans.: Yes
Tax: PAY STAFF PROFESSIONAL TAX - Qus.: Doing business in Millions?
Ans.: Yes
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?
Ans.: Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX - Qus.: Are you going Out of Station for Business?
Ans.: Yes
Tax : PAY FRINGE BENEFIT TAX - Qus.: Have you taken or given any Service/s?
Ans.: Yes
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?
Ans.: Yes
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?
Ans.: Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE - Qus.: How you Travel?
Ans.: Bus
Tax : PAY SURCHARGE - Qus.: Any Additional Tax?
Ans.: Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.’s TAX !!! - Qus.: Delayed any time Paying Any Tax?
Ans.: Yes
Tax : PAY INTEREST & PENALTY - INDIAN : Can I die now?
Ans : No, wait we are about to launch the FUNERAL TAX
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