Description

Pradhan mantri garib kalyan Yojana

The recently launched Garib Kalyan yojana, is similar toIncometax declaration scheme, however there are few differences.Underthis scheme, tax rate will be higher and the declaredincome

Rules of this Scheme –

Declarant have to deposit 25 percent of theundisclosedincome

Declarant has to pay 30% percent tax at this income plusapenalty rate of 10 percent will be there

A surcharge at 33 percent of tax will also be levied and willbenamed as Pradhan Mantri Garib Kalyan Cess