Sunday, May 25, 2014

Know your Income-Tax Rates: Assessment Year 2014-15 (Companies/Co-operative Societies and local authorities)

Income-Tax Rates: Assessment Year 2014-15 
(Companies/Co-operative Societies and local authorities)

COMPANY



Surcharge-Surcharge is applicable at the rates given below-




MINIMUM ALTERNATE TAX - The following rate of minimum alternate tax shall be applicable
Assessment year 2014-15





CO-OPERATIVE SOCIETY

The following rates are applicable to a Co-operative society for AY 2014-15.
 

LOCAL AUTHORITIES

Local authorities are taxable at the rate of 30 per cent.
Surcharge: 10% of the Income Tax, where total taxable income is more than Rs.1 Crore.
Education cess: 2% of the total of Income Tax and Surcharge.


G.Srinivas

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