TAX STRUCTURE IN INDIA… TAX STRUCTURE IN INDIA… TAX PAYER GOVERNMENT
What are you doing? Business Business PAY P PP PROFESSIONAL TAX!
What are you doing in Business? Selling the Goods Selling the Goods PAY S SS SALES TAX
From where are you getting Goods? From where are you getting Goods? From other State/Abroad From other State/Abroad PAY C CC CENTRAL SALES TAX, CUSTOM DUTY & OCTROI !
W hat are you getting in Selling Goods? W hat are you getting in Selling Goods? Profit Profit PAY I II INCOME TAX
How do you distribute profit? How do you distribute profit? By way of dividend By way of dividend Pay d dd dividend distribution Tax
Where you Manufacturing the Goods? Factory Factory PAY E EE EXCISE DUTY!
Do you have Office / Warehouse/ Factory? Yes Yes PAY M MM MUNICIPAL & FIRE TAX!
Do you have Staff? Yes Yes PAY S SS STAFF PROFESSIONAL TAX!
Doing business in Millions? Yes Yes PAY T TT TURNOVER TAX! No No Then pa y Minimum A AA Alternate Tax
Are you taking out over 25,000 Cash from Bank? Yes, for Salary Yes, for Salary PAY C CC CASH HANDLING TAX!
Where are you taking your client for Lunch & Dinner? Hotel Hotel PAY F FF FOOD & ENTERTAINMENT TAX!
Are you going Out of Station for Business? Yes Yes PAY F FF FRINGE BENEFIT TAX!
Have you taken or given any Services? Yes Yes PAY S SS SERVICE TAX!
How come you got such a Big Amount? Gift on birthday Gift on birthday PAY G GG GIFT TAX!
Do you have any Wealth? Yes Yes PAY W WW WEALTH TAX!
To reduce Tension, for entertainment, where are you going? Cinema or Resort Cinema or Resort PAY E EE ENTERTAINMENT TAX!
Have you purchased House? Yes Yes PAY S SS STAMP DUTY & REGISTRATION FEE!
How you Travel? Bus Bus PAY S SS SURCHARGE
Any Additional Tax? Yes Yes PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT's TAX !!!
Delayed any time paying Any Tax? Yes Yes PAY I II INTEREST & PENALTY!
INDIAN: can I die now? wait wait we are about to launch the funeral tax!!!