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of <h1>Co-operative Societies Taxed on Slab Rates with AMT and Surcharge Provisions from 2013-14 to 2026-27</h1> Co-operative societies are taxed on a slab basis with rates of 10% for income up to Rs. 10,000, 20% for income between Rs. 10,000 and Rs. 20,000, and 30% for income above Rs. 20,000. Alternate Minimum Tax (AMT) applies at 15% of book profit or adjusted total income if certain deductions are claimed, with a concessional 9% AMT rate for units in IFSC earning solely from convertible foreign exchange. A surcharge of 7% or 12% applies on income tax if total income exceeds Rs. 1 crore and Rs. 10 crore respectively, subject to marginal relief. Additionally, a health and education cess of 4% is levied on income tax plus surcharge. These rates and provisions have remained largely consistent from assessment years 2013-14 through 2026-27, with earlier years applying education cess at 3% and different surcharge rates.
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