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<h1>Co-operative society tax regime: slabbed income-tax rates, alternate minimum tax, surcharge and health and education cess applied.</h1> Co-operative societies are subject to a three-rate slabbed income-tax structure across successive assessment years, with ancillary charges-surcharge (subject to marginal relief when income exceeds the statutory threshold) and a health and education cess-added after basic tax. Alternate Minimum Tax applies to societies claiming specified deductions and is computed on book profit or adjusted total income, with a concessional AMT rate for IFSC units deriving income in convertible foreign exchange; historical entries record variations in AMT rates and cess structures.