Garib Kalyan Yojana

PMGK Yojana is the scheme launched by the current Prime Minister of India on 2015 in order to offers workshop for the pro-poor families across the nation. 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.

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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