Dear Students,
Following questions will help you to understand different types of tax that Indian pays. Can You relate each of them whether it is PROGRESSIVE, REGRESSIVE OR PROPORTIONAL?

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