TMI BlogIncome Tax Rates for Co-Operative Societies - A.Y. 2007-08 to A.Y. 2024-25X X X X Extracts X X X X X X X X Extracts X X X X ..... society located in the IFSC deriving income solely from convertible foreign exchange (CFE), AMT can be paid at the concessional rate of 9% . For more details on Alternate Minimum Tax (AMT) , click here Notes: Note 1: - Add Surcharge - 7% if income exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Health and Education Cess - 4% of Income Tax ========================= Rates For the Assessment Year 2023-24 Net Income Range Rate of Tax Up to ₹ 10,000 10% ₹ 10,000 - ₹ 20,000 20% ₹ 20,000 and above 30% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 00 - ₹ 20,000 20% ₹ 20,000 and above 30% AMT is 18.50% of Book Profit / Adjusted total income. For more details on Alternate Minimum Tax (AMT) , click here Notes: Note 1: - Add Surcharge - 12% if income exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Health and Education Cess - 4% of Income Tax ========================= Rates For the Assessment Year 2020-2021 Net Income Range Rate of Tax Up to ₹ 10,000 10% ₹ 10,000 - ₹ 20,000 20% ₹ 20,000 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8377; 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 2017-2018 Click here for Alternate Minimum Tax (AMT) Net Income Range Rate of Tax Up to ₹ 10,000 10% ₹ 10,000 - ₹ 20,000 20% ₹ 20,000 and above 30% Notes: Note 1: - Add Surcharge - 12% if income exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Education Cess - E. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax Surcharge ========================= Income Tax Rates for Co-operative Societies Rates For the Assessment Year 2014-2015 Click here for Alternate Minimum Tax (AMT) Net Income Range Rate of Tax Up to ₹ 10,000 10% ₹ 10,000 - ₹ 20,000 20% ₹ 20,000 and above 30% Notes: Note 1: - Add Surcharge - 10% if income exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10% ₹ 10,000 - ₹ 20,000 20% ₹ 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 2010-2011 Net Income Range Rate of Tax Up to ₹ 10,000 10% ₹ 10,000 - ₹ 20,000 20% ₹ 20,000 and above 30% Notes: Note 1: - Surcharge - Nil Note 2: - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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