Income Tax Slabs/ Rates for Co-operative Societies (FY 2018-19/ AY 2019-20)

Income Tax Slabs/ Rates applicable for Co-operative Societies in respect of FY 2018-19 (AY 2019-20), as per Finance Act, 2018, are as under:

Total Income (Rs.) Income Tax Slab/ Rate
Upto 10,000 10% of Total Income
10,001 to 20,000 Rs. 1,000 plus 20% of Total Income
Above 20,000 Rs. 3,000 plus 30% of Total Income


Income Tax Rates for Co-operative Societies in each slab, as mentioned above, are inclusive of income tax liability upto previous slab(s). To arrive at total income tax liability, Health & Education Cess and Surcharge are to be added/ applied, as under:

i) Health & Education Cesss @ 4% in all cases; and

ii) Surcharge @ 12% in cases where total income exceeds Rs. 1 crore, subject to provisions relating to marginal relief, if applicable.

Related Posts:

Income Tax Slabs/ Rates: Income Tax Cess, Surcharge & Rebate
Resident Individuals Education Cess Rates
NRIs/ HUFs/ AOP/ BOI/ AJP Surcharge Rates
Partnership Firms and LLPs Marginal Relief from Surcharge
Domestic Companies Rebate u/s 87A for Individuals
Foreign Companies  
Co-operative Societies  
Local Authorities  


  1. Sudesh Shetty
    • CA Smita

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