Sunday, September 26, 2010

Tax structure in India - funny but true

Tax structure in India - funny but true !!! 


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. : How do you distribute profit? 
Ans : By way of dividend 
Tax : Pay dividend distribution Tax 

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

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

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

9) Qus. : Doing business in Millions? 
Ans. : Yes 
Tax : PAY TURNOVER TAX! 
Ans : No 
Tax : Then pay Minimum Alternate Tax 

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

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

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

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

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

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

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

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

1Qus.: How you Travel? 
Ans. : Bus 
Tax : PAY SURCHARGE! 

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

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

21) INDIAN :: can i die now?? 
Ans :: Wait we are about to launch the Funeral tax!!!
Anyways no tax for taxing yourself to know about taxes
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