India, Feb. 11 -- The Government of India has issued a release:

The surcharge on Income Tax has been reduced from 12% to 7% for co-operative societies having income between Rs. 1 Cr to 10 Cr w.e.f. F.Y: 2022-23.

This information was given by Union Minister for Home and Cooperation Shri Amit Shah in a written reply in Rajya Sabha.

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