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of <h1>Finance Act, 1969: Tax Rates for Individuals, Families, Co-ops, Firms, and Companies with Surcharge Details</h1> The Finance Act, 1969, outlines tax rates for various entities. For individuals, Hindu undivided families, and similar entities, tax rates range from 5% for incomes up to Rs. 5,000 to 75% for incomes over Rs. 2,50,000, with specific exemptions and reductions based on family status and dependents. Co-operative societies face tax rates from 15% to 40%, while registered firms are taxed up to 20% based on income brackets. Local authorities are taxed at 50%, and the Life Insurance Corporation is taxed at 52.5% on insurance profits. Companies face varied rates, with domestic companies taxed up to 65% and others up to 70%. Surcharges apply at 10% for most categories.
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