Deposits deadline in Pradhan Mantri Garib Kalyan Yojana scheme extended till Apr 30.

Posted on:21 Apr 2017 14:49:56
Deposits deadline in Pradhan Mantri Garib Kalyan Yojana scheme extended till Apr 30.
21 April 2017 Current Affairs:

  • The government has extended the deadline till April 30 for those who are yet to pay 25% of their undisclosed income as interest-free deposits under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) scheme.

  • Scheme started on December 17, 2016 and closed on March 31, 2017. It was the second income disclosure scheme announced by the government after the demonetisation of Rs 500 and Rs 1,000 notes in November.

  • Under the scheme, a 50% tax was levied on the undisclosed income while another 25% of the undisclosed income was to be deposited in interest-free Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) for four years.


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