Wednesday, June 22, 2011

TAX...... tax........Govt. of India



 
 
 
 
What a great job from govt. of india
 


 
 
 
 Must Read
1)      Qus.: What are you doing? Ans.: Business.
Tax : PAY PROFESSIONAL TAX
 
2)      Qus.: What are you doing in Business?
Ans.: Selling the Goods.
Tax : PAY SALES TAX
 
3)      Qus.: From where are you getting Goods?
Ans.: From other State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI
 
4)      Qus.: What are you getting in Selling Goods?
Ans.: Profit.
Tax : PAY INCOME TAX
 
5)      Qus.: How do you distribute profit ?
Ans : By way of dividend
Tax : PAY DIVIDEND DISTRIBUTION TAX
 
6)      Qus.: Where you Manufacturing the Goods?
Ans.: Factory.
Tax : PAY EXCISE DUTY
 
8)      Qus.: Do you have Staff?
Ans.: Yes
Tax:  PAY STAFF PROFESSIONAL TAX
 
9)      Qus.: Doing business in Millions?
Ans.: Yes
Tax : PAY TURNOVER TAX   ?
Ans : No
Tax : Then pay Minimum Alternate Tax
 
10)    Qus.: Are you taking out over 25,000 Cash from Bank?
Ans.: Yes, for Salary.
Tax : PAY CASH HANDLING TAX
 
11)    Qus.: Where are you taking your client for Lunch & Dinner?
Ans.: Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX
 
12)    Qus.: Are you going Out of Station for Business?
Ans.: Yes
Tax : PAY FRINGE BENEFIT TAX
 
13)    Qus.: Have you taken or given any Service/s?
Ans.: Yes
Tax : PAY SERVICE TAX
 
14)    Qus.: How come you got such a Big Amount?
Ans.: Gift on birthday.
Tax : PAY GIFT TAX
 
15)    Qus.: Do you have any Wealth?
Ans.: Yes
Tax : PAY WEALTH TAX
 
16)    Qus.: To reduce Tension, for entertainment, where are you going?
Ans.: Cinema or Resort.
Tax : PAY ENTERTAINMENT TAX
 
17)    Qus.: Have you purchased House?
Ans.: Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE
 
18)    Qus.: How you Travel?
Ans.: Bus
Tax : PAY SURCHARGE
 
19)    Qus.: Any Additional Tax?
Ans.: Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL &
SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
 
20)    Qus.: Delayed any time Paying Any Tax?
Ans.: Yes
Tax : PAY INTEREST & PENALTY
 
21)    INDIAN :   Can I die now??
Ans : No,  wait we are about to launch the FUNERAL TAX
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2) Petrol Price in INDIA
Pakistan             Rs. 26
Bangladesh        Rs. 22
Cuba                  Rs. 19
Nepal                  Rs. 34
Burma                Rs. 30
Afghanistan       Rs. 36
INDIA                Rs. 63.40
 
 3) BASIC COST  PER 1 LITRE 16.50
Centre tax    11.80%
Excise duty    9.75%
Vat cess               4%
State tax             8 %
Total     Rs.    50.05
 
Now extra 13.35 Rs, PER 1 LITRE
 
What a Great job from Govt. of India  …



 
 

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