# Co-operative Societies and Rates of Tax
## Normal (Slab) Regime
| Total income | Tax |
|---|---|
| ≤ ₹10,000 | 10% of total income |
| > ₹10,000 ≤ ₹20,000 | ₹1,000 + 20% of (TI − ₹10,000) |
| > ₹20,000 | ₹3,000 + 30% of (TI − ₹20,000) |
## Concessional Regimes
| Type | Section | Rate |
|---|---|---|
| Manufacturing co-op society (set up & registered on/after 1.4.2023, begins manufacture before 31.3.2024) | 115BAE | 15% of income from/incidental to manufacturing |
| Other resident co-op society opting for concessional regime | 115BAD | 22% of total income |
Conditions: Societies opting for 115BAD/115BAE must compute total income without certain deductions (conditions similar to those for DTR u/s 115BAC). Alternate Minimum Tax (AMT) u/s 115JC does NOT apply to societies opting for these sections.
## Surcharge & Marginal Relief
| Situation | Surcharge |
|---|---|
| TI > ₹1 cr ≤ ₹10 cr (normal regime) | 7% — marginal relief like individuals; same rate for special incomes |
| TI > ₹10 cr (normal regime) | 12% — marginal relief like individuals; same rate for special incomes |
| Opting 115BAD / 115BAE | 10% flat — NO marginal relief |