TAX STRUCTURE IN INDIA
1) GOVT.: What are you doing?
INDIAN: Business.
Tax: PAY PROFESSIONAL TAX!
2) GOVT.: What are you doing in Business?
INDIAN: Selling the Goods.
Tax: PAY SALES TAX!!
3) GOVT.: From where are you getting Goods?
INDIAN: From other State/Abroad
Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!
4) GOVT.: What are you getting in Selling Goods?
INDIAN: Profit.
Tax: PAY INCOME TAX!
5) GOVT.: How do you distribute profit?
INDIAN: By way of dividend
Tax: Pay dividend distribution Tax
6) GOVT.: Where you Manufacturing the Goods?
INDIAN: Factory.
Tax: PAY EXCISE DUTY!
7) GOVT.: Do you have Office / Warehouse/ Factory?
INDIAN: Yes
Tax: PAY MUNICIPAL & FIRE TAX!
8) GOVT.: Do you have Staff?
INDIAN: Yes
Tax: PAY STAFF PROFESSIONAL TAX!
9) GOVT.: Doing business in Millions?
INDIAN: Yes
Tax: PAY TURNOVER TAX!
INDIAN: No
Tax: Then pay Minimum Alternate Tax
10) GOVT.: Are you taking out over 25,000 Cash from Bank?
INDIAN: Yes, for Salary.
Tax: PAY CASH HANDLING TAX!
11) GOVT.: Where are you taking your client for Lunch & Dinner?
INDIAN: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX!
12) GOVT.: Are you going Out of Station for Business?
INDIAN: Yes
Tax: PAY FRINGE BENEFIT TAX!
13) GOVT.: Have you taken or given any Service/S?
INDIAN: Yes
Tax: PAY SERVICE TAX!
14) GOVT.: How come you got such a Big Amount?
INDIAN: Gift on birthday.
Tax: PAY GIFT TAX!
15) GOVT.: Do you have any Wealth?
INDIAN: Yes
Tax: PAY WEALTH TAX!
16) GOVT.: To reduce Tension, for entertainment, where are you going?
INDIAN: Cinema or Resort.
Tax: PAY ENTERTAINMENT TAX!
17) GOVT.: Have you purchased House?
INDIAN: Yes
Tax: PAY STAMP DUTY & REGISTRATION FEE!
18) GOVT.: How you Travel?
INDIAN: Bus
Tax: PAY SURCHARGE!
19) GOVT.: Any Additional Tax?
INDIAN: Yes
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THECENTRAL GOVT.'S TAX!!!
20) GOVT.: Delayed any time paying Any Tax?
INDIAN: Yes
Tax: PAY INTEREST & PENALTY!
21)INDIAN: can I die now??
GOVT: Wait! We are about to launch the FUNERAL TAX!!