TAX STRUCTURE IN INDIA

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 Office / Warehouse/ Factory?
Ans: Yes
Tax: PAY MUNICIPAL & FIRE TAX!

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!

Qus: INDIAN :: can i die now??
Ans: wait we are about to launch the funeral tax!!!