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Co-operative society normal rates start at:
A5% up to Rs. 2,50,000
B10% up to Rs. 10,000
C20% on first Rs. 50,000
DSlab as individual
Answer & Solution
Correct answer: B. 10% up to Rs. 10,000
1. Co-op normal slabs (old regime): up to Rs. 10,000 — 10%; Rs. 10,001-20,000 — 20%; above Rs. 20,000 — 30%.
2. Surcharge: 7% if > Rs. 1 crore; 12% if > Rs. 10 crore.
3. Plus 4% Health and Education Cess.
_Source: ICAI BoS CA Final Paper 7, Ch 9 "Assessment of Various Entities"_
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