Foreign assets disclosure scheme sets tax and fee liabilities for undeclared overseas assets and foreign income. Payment under the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 varies according to the category of undisclosed foreign asset or income declared. For undisclosed foreign assets or foreign income, the declarant must pay tax at thirty per cent of value, plus an amount equal to one hundred per cent of that tax, if the aggregate value does not exceed one crore rupees. For specified foreign assets not declared in the return, the amount payable is a fee of one lakh rupees where the asset value does not exceed five crore rupees.