Tax Structure in IndiaQ: What are you doing?A: Business.Govt: PAY PROFESSIONAL TAXQ: What are you doing in Business?A: Selling the Goods.Tax: PAY SALES TAXQ: From where are you getting Goods?A: From other State/AbroadTax: PAY CENTRAL SALES TAX, CUSTOM DUTY OCTROIQ: What are you getting in Selling Goods?A: Profit.Tax: PAY INCOME TAXQ: How do you distribute profit?A: : By way of dividendTax: PAY DIVIDEND DISTRIBUTION TAXQ: Where you Manufacturing the Goods?A: Factory.Tax: PAY EXCISE DUTYQ: Do you have Staff?A: YesTax: PAY STAFF PROFESSIONAL TAXQ: Doing business in Millions?A: Yes or NoTax: If yes, PAY TURNOVER TAX; if no, then pay Minimum Alternate TaxQ: 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: HotelTax: PAY FOOD ENTERTAINMENT TAXQ: Are you going Out of Station for Business?A: YesTax: PAY FRINGE BENEFIT TAXQ: Have you taken or given any Service/s?A: YesTax: PAY SERVICE TAXQ: How come you got such a Big Amount?A: Gift on birthday.Tax: PAY GIFT TAXQ: Do you have any Wealth?A: YesTax: PAY WEALTH TAXQ: To reduce Tension, for entertainment, where are you going?Ans.: Cinema or Resort.A: PAY ENTERTAINMENT TAXQ: Have you purchased House?A: YesTax: PAY STAMP DUTY REGISTRATION FEEQ: Want to run away to another city?A: YesTax: PAY TOLL CESSQ: Any Additional Tax?A: YesTax: PAY EDUCATIONAL CESS SURCHARGE ON ALL THE CENTRAL GOVT TAXESQ: Delayed any time Paying Any Tax?A: YesTax: PAY INTEREST PENALTYQ: Can I die now?
A: No, wait we are about to launch the FUNERAL TAX !!!