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To: ManyMoose who wrote (410945)2/15/2011 3:17:02 PM
From: kumar  Read Replies (1) | Respond to of 793600
 
By and large its deducted from Income, if u are a salaried employee. If u own a business, I guess, u pay till you are challenged to pay more....

35% of my salary is deducted at source- my employer. Year End, I just provide the deduction statement, any other deductions I can claim - voila - tax return done in 1 day...



To: ManyMoose who wrote (410945)2/15/2011 3:21:23 PM
From: kumar  Read Replies (1) | Respond to of 793600
 
In addition to my prev response, there is (for businesses) : Octroi (a tax paid to crossfrom 1 municipality to another - currently enforced in Mumbai only - 5.5%), sales tax - varies by state, gasoline tax- varies by state....