Filling of Income Tax Return co-operative Society

Filling of Income Tax Return co-operative Society

In the case of very co operative society

(1) Up To Rs 10,000/- 10% of Total Income
(2) Rs 10,001 to Rs 20,000 Rs 1,000/-
plus 20% of the amount exceeding 10,000/-
(3) Rs 20,0001 and above Rs. 3,000/- plus of
the amount exceeding 20,000/-
•In case of every local authority- 30% of whole of total income

•In case Of Every firm- 30% 0n the whole Total income.

Surcharge 10% on income Tax for income more than Rs 1crore.
Education cess is applicable @ 3% on income tax (inclusive of surcharge, if any)

•Special code for computation of total income Insurance Companies. The rate of tax on profits from life Insurances business is 12.5% plus surcharge and education cess.

1.6 For foreign Companies.
•Domestic Companies are taxable @40%
Surname is applicable @2.5% if income is in excess of Rs. 1 crore
Education cess is applicable @3% on income tax (inclusive of surname. if any)