Monday, April 20, 2009

Tax structure in India (Funny Fact)

1) Question. : What are you doing?
Ans.: Business.
Tax: PAY PROFESSIONAL TAX!

2) Question. : What are you doing in Business?
Ans.: Selling the Goods.
Tax: PAY SALES TAX!!

3) Question. : From where are you getting Goods?
Ans.: From other State/Abroad
Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!
4) Question. : What are you getting in Selling Goods?
Ans.: Profit.
Tax: PAY INCOME TAX!

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

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

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

8) Question. : Doing business in Millions?
Ans.: Yes
Tax: PAY TURNOVER TAX!

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

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

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

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

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

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

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

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

17) Question. : How you Travel?
Ans.: Bus
Tax: PAY SURCHARGE!

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

19) Question. : Delayed any time paying Any Tax?
Ans.: Yes
Tax: PAY INTEREST & PENALTY

Just PAY PAY PAY PAY and SAY “I Love India”

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