Tax Structure In India - Funny But True !!!
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Tax structure in India - funny but true !!!

Sr IT Operation Lead Technical
1) Q. : What are you doing? 

Ans.. : Business. 

Tax : PAY PROFESSIONAL TAX! 

 

2) Q.. : What are you doing in Business? 

Ans. : Selling the Goods. 

Tax : PAY SALES TAX!! 

 

3) Q. : From where are you getting Goods? 

Ans. : From other State/Abroad 

Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI! 

 

4) Q. : What are you getting in Selling Goods? 

Ans. : Profit.. 

Tax : PAY INCOME TAX! 

 

5) Q. : How do you distribute profit? 

Ans. : By way of dividend 

Tax : Pay dividend distribution Tax 

 

6) Q. : Where you Manufacturing the Goods? 

Ans. : Factory. 

Tax : PAY EXCISE DUTY! 

 

7) Q. : Do you have Office / Warehouse/ Factory? 

Ans. : Yes 

Tax : PAY MUNICIPAL & FIRE TAX! 

 

8)Q. : Do you have Staff? 

Ans. : Yes 

Tax : PAY STAFF PROFESSIONAL TAX! 

 

9) Q. : Doing business in Millions? 

Ans. : Yes 

Tax : PAY TURNOVER TAX! 

Ans. : No 

Tax : Then pay Minimum Alternate Tax 

 

10) Q. : Are you taking out over 25,000 Cash from Bank? 

Ans. : Yes, for Salary. 

Tax : PAY CASH HANDLING TAX! 

 

11) Q.: Where are you taking your client for Lunch & Dinner? 

Ans. : Hotel 

Tax : PAY FOOD & ENTERTAINMENT TAX! 

 

12) Q.: Are you going Out of Station for Business? 

Ans. : Yes 

Tax : PAY FRINGE BENEFIT TAX! 

 

13) Q.: Have you taken or given any Service/s? 

Ans. : Yes 

Tax : PAY SERVICE TAX! 

 

14) Q.: How come you got such a Big Amount? 

Ans.. : Gift on birthday. 

Tax : PAY GIFT TAX! 

 

15) Q.: Do you have any Wealth? 

Ans. : Yes 

Tax : PAY WEALTH TAX! 

 

16) Q.: To reduce Tension, for entertainment, where are you going? 

Ans. : Cinema or Resort. 

Tax : PAY ENTERTAINMENT TAX! 

 

17) Q.: Have you purchased House? 

Ans. : Yes 

Tax : PAY STAMP DUTY & REGISTRATION FEE ! 

 

1Q.: How you Travel? 

Ans. : Bus 

Tax : PAY SURCHARGE! 

 

19) Q.: Any Additional Tax? 

Ans. : Yes 

Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!! 

 

20) Q.: 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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