Garib Kalyan Yojana

Garib Kalyan Yojana

Garib Kalyan Yojana ( गरीब कल्याण योजना ) is an amnesty scheme launched by the Narendra Modi in December 2016 on the lines of the Income declaration scheme(IDS) launched earlier in the year. The main motive of the scheme is to get rid of the term poverty from the India by providing effective workshop which would teach them to earn from the skill.

The taxation polices in the year 2016 has made a revolution and the people with lot of unaccounted money has to suffer for it. The decision is a Step towards the development of the nation and equal distribution of income among every people of this nation.


Scheme Rules :

- 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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