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Income Declaration Scheme 2016: 30% Tax on Undisclosed Income Plus 25% Krishi Kalyan Cess Surcharge.

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....Charge of tax and surcharge - THE INCOME DECLARATION SCHEME, 2016 - tax of thirty per cent. on the undisclosed income declared in the scheme, a surcharge at the rate of twenty-five per cent. of such tax as Krishi Kalyan Cess of tax will be levied....

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