Tax rates of society

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161 Points Posted on 10 August 2023
Plz can anyone help me about tax rate of society and co operative society. (Slab)
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On 10 August 2023 at 21:58 Report
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This discussion clarifies the tax rates applicable to societies and co-operative societies in the UK. It outlines a progressive tax structure with income slabs of 10%, 20%, and 30% for different income levels. Additionally, a 12% surcharge applies to incomes exceeding £1 crore, with the maximum overall tax rate reaching 31.2% for income up to that threshold.

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194 Points Posted on 10 August 2023
Total income upto 10k 10%
10k to 20k 20%
above 20k 30%
surcharge 12% above 1cr
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On 10 August 2023 at 23:06
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CFO- at NHTF
58280 Points Posted on 11 August 2023
@ Kailash,

Let me know the taxable income.

Tax rate depends on the amount of taxable income.

Maximum rate is 31.2% for the income upto 1 crore
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On 11 August 2023 at 07:58
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Profession
28271 Points Posted on 11 August 2023
Pls post gross total income
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On 11 August 2023 at 10:30

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