Tuesday, March 1, 2011

The Ugly Truth




Qus.: What are you doing?
Ans.: Business.
Tax : PAY PROFESSIONAL TAX

Qus.: What are you doing in Business?
Ans.: Selling the Goods.
Tax : PAY SALES TAX
Qus.: From where are you getting Goods?
Ans.: From other State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI
Qus.: What are you getting in Selling Goods?
Ans.: Profit.
Tax : PAY INCOME TAX

Qus.: How do you distribute profit ?
Ans : By way of dividend
Tax : PAY DIVIDEND DISTRIBUTION TAX

Qus.: Where you Manufacturing the Goods?
Ans.: Factory.
Tax : PAY EXCISE DUTY

Qus.: Do you have Staff?
Ans.: Yes
Tax: PAY STAFF PROFESSIONAL TAX

Qus.: Doing business in Millions?
Ans.: Yes
Tax : PAY TURNOVER TAX ?
Ans : No
Tax : Then pay Minimum Alternate Tax

Qus.: Are you taking out over 25,000 Cash from Bank?
Ans.: Yes, for Salary.
Tax : PAY CASH HANDLING TAX
Qus.: Where are you taking your client for Lunch & Dinner?
Ans.: Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX

Qus.: Are you going Out of Station for Business?
Ans.: Yes
Tax : PAY FRINGE BENEFIT TAX

Qus.: Have you taken or given any Service/s? Ans.: Yes
Tax : PAY SERVICE TAX

Qus.: How come you got such a Big Amount?
Ans.: Gift on birthday.
Tax : PAY GIFT TAX

Qus.: Do you have any Wealth?
Ans.: Yes
Tax : PAY WEALTH TAX

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

Qus.: Have you purchased House?
Ans.: Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE

Qus.: How you Travel?
Ans.: Bus
Tax : PAY SURCHARGE

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


SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!


Qus.: Delayed any time Paying Any Tax?
Ans.: Yes
Tax : PAY INTEREST & PENALTY

INDIAN : Can I die now??
Ans : No, wait we are about to launch the FUNERAL TAX

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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



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

Great Job !!!!!!!!!

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