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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