Reduction in surcharge on income tax for cooperative societies

Reduction in surcharge on income tax for cooperative societies

The surcharge on Income Tax has been reduced from 12% to 7% for co-operative societies having income between ₹ 1 Cr to 10 Cr w.e.f. F.Y: 2022-23.

This information was given by Union Minister for Home and Cooperation Shri Amit Shah in a written reply in Rajya Sabha.