Income Tax Rates for Co-Operative Societies

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.... (a) Income > Rs.1 crore but ≤ Rs.10 crore - Surcharge Rate 7% of the income-tax amount • (b) Income > Rs.10 crore - Surcharge Rate 12% of the income-tax amount • Surcharge is Subject of Marginal Relief Add Health and Education Cess - 4% of Income Tax (i.e. Income tax and Surcharge) ========================= Rates For the Assessment Year 2026-27 Net Income Range Rate of Tax Up to Rs. 10,000 10% Rs. 10,000 - Rs. 20,000 20% Rs. 20,000 and above 30% AMT is 15% of Book Profit / Adjusted total income in case the cooperative society has claimed deductions u/s 80H to 80RRB (except 80P), 35AD, and 10AA. However, in respect of units of a co-opera....

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.... • (b) Income > Rs.10 crore - Surcharge Rate 12% of the income-tax amount • Surcharge is Subject of Marginal Relief Add Health and Education Cess - 4% of Income Tax (i.e. Income tax and Surcharge) ========================= Rates For the Assessment Year 2024-25 Net Income Range Rate of Tax Up to Rs. 10,000 10% Rs. 10,000 - Rs. 20,000 20% Rs. 20,000 and above 30% AMT is 15% of Book Profit / Adjusted total income in case the cooperative society has claimed deductions u/s 80H to 80RRB (except 80P), 35AD, and 10AA. However, in respect of units of a cooperative society located in the IFSC deriving income solely from convertible foreign exchange (CFE), AMT can be paid at th....

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....s. 20,000 20% Rs. 20,000 and above 30% AMT is 18.50% of Book Profit / Adjusted total income. (For more details on about AMT) Surcharge and HEC • Add Surcharge - 12% if income exceeds Rs. 1 Crores - with marginal relief. • Add Health and Education Cess - 4% of Income Tax (i.e. Income tax and Surcharge) ========================= Rates For the Assessment Year 2021-22 Net Income Range Rate of Tax Up to Rs. 10,000 10% Rs. 10,000 - Rs. 20,000 20% Rs. 20,000 and above 30% AMT is 18.50% of Book Profit / Adjusted total income. (For more details on about AMT) Notes: Note 1: - Add Surcharge - 12% if income exceed....

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....s - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ========================= Rates For the Assessment Year 2017-2018 Click here for Alternate Minimum Tax (AMT) Net Income Range Rate of Tax Up to Rs. 10,000 10% Rs. 10,000 - Rs. 20,000 20% Rs. 20,000 and above 30% Notes: Note 1: - Add Surcharge - 12% if income exceeds Rs. 1 Crores - with marginal relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ========================= Rates For the Assessment Year 2016-2017 ....

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....condary and Higher Education Cess - SHE. Cess is 1% of Income Tax =========================   Rates For the Assessment Year 2013-2014 Click here for Alternate Minimum Tax (AMT) Net Income Range Rate of Tax Up to Rs. 10,000 10% Rs. 10,000 - Rs. 20,000 20% Rs. 20,000 and above 30% Notes: Note 1: - Add Education Cess - E. Cess is 2% of Income Tax Note 2: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ========================= Rates For the Assessment Year 2012-2013 Net Income Range Rate of Tax Up to Rs. 10,000 10% Rs. 10,000 - Rs. 20,000 20% Rs. 20,000 and above 30% Notes: Note 1: - Add Education Cess - E. Cess is 2% of Income ....