Garib Kalyan Yojana is another scheme of PM Modi.
Under this scheme ,those who haven't announced their unaccounted income, now they can if they are willing to declare.
•This scheme will be valid up to 31st march 2017.
Main Features :
•Anyone who have deposited their cash or money in bank ,postoffice,or specified institution can declare their unaccounted income.
•49.90% tax of unaccounted income should be paid as surcharge.
•It is compulsory to deposit 25% of unaccounted income to PM Garib Kalyan Jama Yojana , 2016.
•There ll be no intrest on deposited money and it ll be lock in for four years.
http//incometaxindiaefiling.gov.in declaration can be applied online on this link.
•Under this scheme , PM Garib Kalyan Yojana ,2016 old notes of 500 and 1000 can be used for surcharge or cess payment and also for money deposit.