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of <h1>Direct Taxes Code Bill 2009: Income Tax Rates for Individuals, Societies, Non-Profits, and Companies Detailed.</h1> The First Schedule of the Direct Taxes Code Bill, 2009, outlines the rates of income tax applicable to various entities and individuals. For individuals, tax rates vary based on income brackets, gender, and age, with exemptions for lower incomes. Co-operative societies face a tiered tax rate, while other societies, unincorporated bodies, and local authorities are taxed at 30%. Non-profit organizations are taxed at 15%, and companies at 25%. Special provisions apply for income from agricultural sources and specific types of income for non-residents, such as investment income and sports-related earnings, with varying tax rates.
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