<h1>India's 2016 Income Declaration Scheme Nets Rs. 65,250 Crore, Boosts Fight Against Black Money and Tax Evasion.</h1> The Income Declaration Scheme 2016, effective from June 1, 2016, allowed individuals to declare undisclosed income and assets, resulting in 64,275 declarations amounting to Rs. 65,250 crore by September 30, 2016. The scheme offered confidentiality and flexible tax payment options, encouraging public participation through extensive awareness campaigns. This initiative is part of the Indian government's broader strategy to combat black money, which includes legal reforms, international treaties, and enhanced tax evasion detection. The government has also intensified efforts against tax evasion, leading to significant seizures and increased prosecution cases, thereby integrating the parallel economy with the mainstream.