About Indian Garib Kalyan Yojana
Pradhan mantri garib kalyan Yojana
The recently launched Garib Kalyan yojana, is similar to Income tax declaration scheme, however there are few differences. Under this scheme, tax rate will be higher and the declared income
Rules of this Scheme –
Declarant have to deposit 25 percent of the undisclosed income
Declarant has to pay 30% percent tax at this income plus a penalty rate of 10 percent will be there
A surcharge at 33 percent of tax will also be levied and will be named as Pradhan Mantri Garib Kalyan Cess
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