[forwards4all] Tax Structure in India

 

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Tax Structure in India
Q: What are you doing? A: Business. Govt: PAY PROFESSIONAL TAX Q: What are you doing in Business? A: Selling the Goods. Tax: PAY SALES TAX Q: From where are you getting Goods? A: From other State/Abroad Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY OCTROI Q: What are you getting in Selling Goods? A: Profit. Tax: PAY INCOME TAX Q: How do you distribute profit? A: : By way of dividend Tax: PAY DIVIDEND DISTRIBUTION TAX Q: Where you Manufacturing the Goods? A: Factory. Tax: PAY EXCISE DUTY Q: Do you have Staff? A: Yes Tax: PAY STAFF PROFESSIONAL TAX Q: Doing business in Millions? A: Yes or No Tax: If yes, PAY TURNOVER TAX; if no, then pay Minimum Alternate Tax Q: Are you taking out over 25,000 Cash from Bank? A: Yes, for Salary. Tax: PAY CASH HANDLING TAX Q: Where are you taking your client for Lunch Dinner? A: Hotel Tax: PAY FOOD ENTERTAINMENT TAX Q: Are you going Out of Station for Business? A: Yes Tax: PAY FRINGE BENEFIT TAX Q: Have you taken or given any Service/s? A: Yes Tax: PAY SERVICE TAX Q: How come you got such a Big Amount? A: Gift on birthday. Tax: PAY GIFT TAX Q: Do you have any Wealth? A: Yes Tax: PAY WEALTH TAX Q: To reduce Tension, for entertainment, where are you going? Ans.: Cinema or Resort. A: PAY ENTERTAINMENT TAX Q: Have you purchased House? A: Yes Tax: PAY STAMP DUTY REGISTRATION FEE Q: Want to run away to another city? A: Yes Tax: PAY TOLL CESS Q: Any Additional Tax? A: Yes Tax: PAY EDUCATIONAL CESS SURCHARGE ON ALL THE CENTRAL GOVT TAXES Q: Delayed any time Paying Any Tax? A: Yes Tax: PAY INTEREST PENALTY Q: Can I die now? A: No, wait we are about to launch the FUNERAL TAX !!!
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