Income Tax Rates for Assessment Year 2026-2027 [ View Short Note on Special Tax Rates options available under Section 115BAD, Section 115BAE ] [ For co-operative society ] Total Income (Other than Liable for Special Rates) Rates of Income Tax Does not exceeds Rs.10,000/- 10% Exceeds Rs.10,000/- but does not exceed Rs.20,000/- Rs.1,000/- plus 20% of the amount by which the total income exceeds Rs. 10,000/- Exceeds Rs.20,000/- Rs.3,000/- plus 30% of the amount by which the total income exceeds Rs. 20,000/- [ Alternate Minimum Tax (AMT) ] [ View Short Note on Alternate Mimimum Tax ] On whole 'adjusted total income' @ 15% of 'adjusted total income', where in the case of a Co‐operative Society liable to pay Alternate Minimum Tax where tax payable by it, on its total income computed as per normal provisions of the Act, is less than 15% of 'adjusted total income'. On whole 'adjusted total income' @ 9% of 'adjusted total income', in case of an assessee other than a company, being a unit of an International Financial Services Centre and deriving its income solely in convertible foreign exchange  Surcharge A] In the case of total income exceeding Rs.1,00,00,000/- but not exceeding Rs.10,00,00,000/- @ 7% of income tax.   Provided the total amount payable as income tax and surcharge on such income shall not exceed the total amount payable as income tax on a total income of Rs.1,00,00,000/- by more than the amount of income that exceeds Rs.1,00,00,000/-.  B] In the case of total income exceeding Rs.10,00,00,000/- @ 12% of income tax.   Provided the total amount payable as income tax and surcharge on such income shall not exceed the total amount payable as income tax on a total income of Rs.1,00,00,000/- by more than the amount of income that exceeds Rs.1,00,00,000/-.  Health and Education Cess Health and Education Cess : @ 4% of income tax and Surcharge.     BACK