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

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





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


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