Tax Structure In India

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indian4529

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TAX STRUCTURE IN INDIA
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!

Qus. : How do you distribute profit ?
Ans : By way of dividend
Tax : Pay dividend distribution Tax

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

6) Qus. : Do you have Office / Warehouse/ Factory?
Ans. : Yes
Tax : PAY MUNICIPAL & FIRE TAX!

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

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

9) Qus. : Are you taking out over 25,000 Cash from Bank?
Ans. : Yes, for Salary.
Tax : PAY CASH HANDLING TAX!

10) Qus.: Where are you taking your client for Lunch & Dinner?
Ans. : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX!

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

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

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

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

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

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

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

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


19) Qus.: Delayed any time Paying Any Tax?
Ans. : Yes
Tax : PAY INTEREST & PENALTY!
20) INDIAN :: can i die now??
Ans :: wait we are about to launch the funeral tax!!!
 
indian4529 said:
TAX STRUCTURE IN INDIA
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!

Qus. : How do you distribute profit ?
Ans : By way of dividend
Tax : Pay dividend distribution Tax

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

6) Qus. : Do you have Office / Warehouse/ Factory?
Ans. : Yes
Tax : PAY MUNICIPAL & FIRE TAX!

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

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

9) Qus. : Are you taking out over 25,000 Cash from Bank?
Ans. : Yes, for Salary.
Tax : PAY CASH HANDLING TAX!

10) Qus.: Where are you taking your client for Lunch & Dinner?
Ans. : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX!

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

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

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

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

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

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

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

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


19) Qus.: Delayed any time Paying Any Tax?
Ans. : Yes
Tax : PAY INTEREST & PENALTY!
20) INDIAN :: can i die now??
Ans :: wait we are about to launch the funeral tax!!!
Click to expand...
Still, India is not charging TAX comparable to the tax charged in Europe and America. You should feel fortunate that tax is on lower side in India.
 
Still, India is not charging TAX comparable to the tax charged in Europe and America. You should feel fortunate that tax is on lower side in India.Yesterday 12:11 PM


Yoginder जी नमस्कार
आप की बात ठीक है कि योरोप मे इंडिया से भी अधिक टैक्सेस लगते है पर मेरे भाई वहां टैक्स का काफी हिस्सा लोगो के लिये इंफ्रास्ट्र्कचर डेव्लप करने मे खर्च होता है हमारे यहां तो नेताओ ने ही खाना है जितना मर्जी टैक्स दे दो
 
ygulia said:
Still, India is not charging TAX comparable to the tax charged in Europe and America. You should feel fortunate that tax is on lower side in India.
Click to expand...


now consider what americans and europeans get in return of those heavy taxes paid...look it canada for instance, they pay education cess, but it's worthwhile if you look at the primary education and day care provided to the kids, and same applies to school meals...look at their education loan facilities...

just one instance, i am not much conversant with the whole tax structure there...but consumer is not blackmailed there since everything is organised...though now in india also, retail is getting organised, a good sign that one can get a value for taxes paid on the product...

moreover, US and European economy is a lasseiz faire economy, and hence a competitive price index...which india is still realising...thankfully
 
seemasindhu said:
now consider what americans and europeans get in return of those heavy taxes paid...look it canada for instance, they pay education cess, but it's worthwhile if you look at the primary education and day care provided to the kids, and same applies to school meals...look at their education loan facilities...

just one instance, i am not much conversant with the whole tax structure there...but consumer is not blackmailed there since everything is organised...though now in india also, retail is getting organised, a good sign that one can get a value for taxes paid on the product...

moreover, US and European economy is a lasseiz faire economy, and hence a competitive price index...which india is still realising...thankfully
Click to expand...
In Canada, Property tax is very high which is almost 1% market value of the property. There is education cess built with in property Tax. Consumer is blackmailed in Canada too but there are check and balances to cover that risk. Those things exist in India too but people are not taking advantage of those things. People are now approaching consumer forums to address their greivances. It will take time to educate people about torts. Education is free in Canada up tp Grade 12 but one has to pay lot of money for University education. Every second student of higher education in Canada is under heavy debt. The first income tax slab starts at 21.05% where in India it is 10%.
 
ygulia said:
In Canada, Property tax is very high which is almost 1% market value of the property. There is education cess built with in property Tax. Consumer is blackmailed in Canada too but there are check and balances to cover that risk. Those things exist in India too but people are not taking advantage of those things. People are now approaching consumer forums to address their greivances. It will take time to educate people about torts. Education is free in Canada up tp Grade 12 but one has to pay lot of money for University education. Every second student of higher education in Canada is under heavy debt. The first income tax slab starts at 21.05% where in India it is 10%.
Click to expand...


then better compare indian salary bands and canadian salary bands...you will get you answer...and calculate the worth of slogging hours in office besides core economy figures...i am sure you will realise that even 10% is injust...

look at utilisation cycle...if tax is high, people get benefit of it in public life...there are 1000s of colonies in india which are paying house tax and yet don't have basic infrastructure like tar roads, sewerage etc...

considering all these factors, calculate the tax burden on a common man in india and canada
 
Are yaar ... toll tax bhi to hai..... sadak pe chalne ke liye .....

or Paida hone pe bhi tax lagne wala hai .........

facility kuch hai nahi ... legaate rahi tax....

atleast aap log England, America and Canada ki baat kerrahe ho .... wehaan pe facilities bhi to hai .... yehaan electricity bill bhar ke bhi electricity gayab hai .... paani nahi hai .... to kis cheej main investment ker rehi hai Government
 
I agree with all of you that we get back in facilities. It is true that salary is good but cost of living is very high. Cost of living in Canada is even higher than US where as the salaries are better in US. But in comparative terms there is poverty here too. 26% of the Canadians are below poverty line (Earning less than CA$40000 per year-for a family of four: 2adults, 2kids):
If we go this way then we are not able to make any comparison. I am not living in this country for long time (only 9 years); I am well familiar with conditions in India. It will take some time to pick up. I was just commenting on Taxes only. I gladly accept all your arguments .
Thanks.
 
सभी का धन्यवाद

अरे भाई लोगो मैने तो मौज़ मस्ती के लिये पोस्ट किया था यहां तो मामला गम्भीर हो गया पर ठीक है मेरे जैसे को भी कुछ तो पता चला
सभी का धन्यवाद

 
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