What a Great job from Govt. of India
Suresh Talluri
What a
great job from govt.
of
India
Petrol Price in different countries
Pakistan
Rs. 26
Bangladesh
Rs. 22
Cuba
Rs. 19
Nepal
Rs. 34
Burma
Rs. 30
Afghanistan
Rs. 36
INDIA
Rs. 70.15
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
Extra Rs. 13.35 PER
LITRE – subsidy for Kerosene and LPG
Taxes:
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
What a Great job from Govt. of India !!!!
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Thanks & Regards,
Vijaypal Reddy Musku
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Regards
Suresh