Income Tax Rates for Co-Operative Societies - A.Y. 2007-08 to A.Y. 2025-26 - Income Tax - Ready Reckoner - Income Tax

Income Tax Rates for Co-operative Societies Rates For the Assessment Year 2025-26 Net Income Range Rate of Tax Up to ₹ 10,000 10% ₹ 10,000 - ₹ 20,000 20% ₹ 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 the concessional rate of 9% . ( For more details on about AMT ) Surcharge HEC Add Surcharge - 7% if income exceeds ₹ 1 Crores but not exceeding ₹ 10 Crore - with marginal relief. Add Surcharge - 12% if income exceeds ₹ 10 Crores - with 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 ₹ 10,000 10% ₹ 10,000 - ₹ 20,000 20% ₹ 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 the concessional rate of 9% . ( For more details on about AMT ) Surcharge HEC Add Surcharge - 7% if income exceeds ₹ 1 Crores but not exceeding ₹ 10 Crore - with marginal relief. Add Surcharge - 12% if income exceeds ₹ 10 Crores - with marginal relief. Add Health and Education Cess - 4% of Income Tax (i.e. Income tax and Surcharge) ========================= 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% 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 the concessional rate of 9% . ( For more details on about AMT ) 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 2022-23 Net Income Range Rate of Tax Up to ₹ 10,000 10% ₹ 10,000 - ₹ 20,000 20% ₹ 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 ₹ 1 Crores - with marginal relief. Add Health and Education Cess - 4% of Income Tax ========================= Rates For the Assessment Year 2021-22 Net Income Range Rate of Tax Up to ₹ 10,000 10% ₹ 10,000 - ₹ 20,000 20% ₹ 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 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 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 exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Health and Education Cess - 4% of Income Tax ========================= Rates For the Assessment Year 2019-2020 Net Income Range Rate of Tax Up to ₹ 10,000 10% ₹ 10,000 - ₹ 20,000 20% ₹ 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 exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Health and Education Cess - 4% of Income Tax ========================= Rates For the Assessment Year 2018-2019 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. 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. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ========================= Income Tax Rates for Co-operative Societies Rates For the Assessment Year 2016-2017 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. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ========================= Income Tax Rates for Co-operative Societies Rates For the Assessment Year 2015-2016 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 Surcharge Note 3: - Add 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 Higher Education Cess - SHE. Cess is 1% of Income Tax ========================= Income Tax Rates for Co-operative Societies Rates For the Assessment Year 2013-2014 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 Education Cess - E. Cess is 2% of Income Tax Note 2: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ========================= Income Tax Rates for Co-operative Societies Rates For the Assessment Year 2012-2013 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 Education Cess - E. Cess is 2% of Income Tax Note 2: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ========================= Income Tax Rates for Co-operative Societies Rates For the Assessment Year 2011-2012 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 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: - Add Education Cess - E. Cess is 2% of Income Tax (Rebate u/s 88E is not available w.e.f. AY 2009-10) Note 2: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (Rebate u/s 88E is not available w.e.f. AY 2009-10) ========================= Rates For the Assessment Year 2009-2010 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: - Add Education Cess - E. Cess is 2% of Income Tax (Rebate u/s 88E is not available w.e.f. AY 2009-10) Note 2: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (Rebate u/s 88E is not available w.e.f. AY 2009-10) ========================= Rates For the Assessment Year 2008-2009 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: - Add Education Cess - E. Cess is 2% of Income Tax (minus rebate u/s 88E ) Note 2: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (minus rebate u/s 88E ) ========================= Rates For the Assessment Year 2007-2008 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: - Add Education Cess - E. Cess is 2% of Income Tax (minus rebate u/s 88E ) =========================