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of <h1>Income Declaration Scheme: Undisclosed Income Taxed at 30% Plus 25% Krishi Kalyan Cess for Farmers' Welfare</h1> Undisclosed income declared under Section 183 of the Income Declaration Scheme, 2016, is subject to a tax rate of 30%. Additionally, a surcharge known as the Krishi Kalyan Cess is imposed, calculated at 25% of the tax amount, to support government commitments for farmers' welfare. This provision applies notwithstanding any conflicting stipulations in the Income-tax Act or any Finance Act.
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