THIS WILL BE HELPFUL FOR MBA AND BBA STUDENTS..................................

1. Welcome you All
TAX Structure in India
BY
to
Debashish paikray
Regd no= 1361333072

2. WHAT IS TAX
Taxes represent the amount of money we pay to
the Government at predefined rates and
periodicity. Taxes are the basic source of
revenue to the Government using which it
provides various kinds of services to the tax
payers. There are mainly two types of Taxes,
 direct tax
 indirect tax
which are governed by two
different boards, Central Board of Direct
Taxes (CBDT) and Central Board of Excise and
Customs (CBEC).

4. The taxation system in India is featured with a
3 tier federal structure that comprises off the
following: -
1- the union government
2- the state government
3- the local or municipal government

5. Central list
 Taxes on Income other than agricultural
income;
 Corporation Tax;
 Customs Duties;
 Excise Duties except on alcoholic liquors for
human consumption and opium and other
narcotics;

6.  Taxes on capital value of assets;
 Estate Duty other than on agricultural
land;
 Stamp Duty in respect of certain
financial documents;
 Taxes other than stamp duty on
transactions in stock exchanges and
futures market;
 Taxes on inter-state sale of goods;

7.  Taxes on sale and purchase of
newspapers and on advertisements
published in them;
 Taxes on goods and passengers carried
by railways sea or air, taxes on railway
fare and freight;
 Taxes not specifically enumerated in the
State list and the concurrent list.

8. State list
 Land Revenue;
 Taxes on agricultural income;
 Duties in respect of succession to
agricultural land;
 Estate Duty in respect of agricultural
land;

9.  Excise Duty on alcoholic liquors and narcotics;
 Taxes on entry of goods into local area;
 Taxes on consumption and sale of electricity;
 Taxes on sale or purchase of goods other than
newspapers;
 Taxes on lands and buildings;
 Taxes on mineral rights subject to any limitation
imposed by Parliament by law relating to mineral
development;

10.  Taxes on advertisements other than
those inserted in newspapers;
 Taxes on goods and passengers carried
by road on inland water transport;
 Taxes on vehicles;
 Taxes on animals and boats

11.  Tolls;
 Taxes on professions, trade , calling and
employment;
 Taxes on luxuries, including entertainment,
Stamp Duty on documents, other than those
which are subject to duty by Central
Government;

12. Types of taxes in India
DIRECT TAX
 Income Tax
 Wealth Tax
 Property Tax/Capital Gains Tax
 Gift Tax/ Inheritance or Estate
Tax
 Corporate Tax
INDIRECT TAX
 Custom Duty
 Excise Duty
 Security Transaction Tax (STT
 Goods and service tax

13. 33%
67%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Tax shares
direct tax indirect tax

15. Current TAX slab in India

16. General people ( age< 60)
INCOME % OF TAX
0 – 2,50,000 NO TAX
2,50,001 – 5,00,000 10%
5,00,001 – 10,00,000 20%
ABOVE 10,00,000 30%

17. Senior citizens (age 60-80)
INCOME % OF TAX
0 – 3,00,000 NO TAX
3,00,001 – 5,00,000 10%
5,00,001 – 10,00,000 20%
ABOVE 10,00,000 30%

18. Senior citizens (age >80)
INCOME % OF TAX
0-5,00,000 NO TAX
5,00,001-10,00,000 20%
ABOVE 10,00,000 30%