Paragraph B of Part I of The First Schedule: Cooperative Society
| Slab | Rates of Tax |
| Up to Rs. 10000 | 10% |
| Above 10000 but not exceeding 20000 | 1000 + 20% of Amount exceeding Rs. 10000 |
| Above Rs. 20000 | Rs. 3000 +30% of Amount exceeding Rs. 20000 |
| Paragraph C- Firm | 30% |
| Paragraph D- Local Authority | 30% |
The amount of income-tax computed in accordance with the preceding provisions of this Paragraph, or the provisions of section 111A or section 112 of the Income-tax Act, shall, in the case of every Coperative Society/firm/local authority, having a total income exceeding one crore rupees, be increased by a surcharge for the purposes of the Union calculated at the rate of twelve per cent of such income-tax:
Marginal Relief Provisions are similar to Individuals