Income Tax Slabs or Rates | Co-operative Societies | FY 2017-18 | AY 2018-19

Income Tax Slabs/ Rates applicable for Co-operative Societies in respect of FY 2017-18/ PY 2017-18 (AY 2018-19), as per Finance Act, 2017, 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

Notes:

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, education cess and surcharge are to be applied, as under:

i) education cess/ secondary and higher education cess @ 3% 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.

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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 on Income Tax
Domestic Companies	Income Tax Rebate u/s 87A for Individuals
Foreign Companies
Co-operative Societies
Local Authorities