Pradhan Mantri Garib Kalyan Yojana 2017 PMGKY Deposit Scheme Form

Pradhan Mantri Garib Kalyan Yojana 2017 in Hindi PMGKY Deposit Scheme Application Form For Registration Pradhan Mantri Garib Kalyan Yojana Form 2017 Latest News.

Pradhan Mantri Garib Kalyan Yojana 2017 Launched by Government of India to poor people Eligibility and deposits of cash in Jan dhan bank account number. Pradhan Mantri Garib Kalyan Deposit Scheme is for all authorised banks in rural and urban area that open bank accounts of Poor families. In India weak families are those who have BPL APL Ration Card who got subsidy in wheat grain and kerosene etc.From 8 November prime minister banned the note Rs 500 and Rs 1000 note from that date many illegal bank transfer (Black Money)was carried out in major private and Government banks without notice to Income tax department. Some PM Garib Kalyan Yojana 2016 has launched under the Government Policies for more details, how to apply, Eligibility, Nomination, Interest etc written below.

How To Apply and Eligibility criteria For Pradhan Mantri Garib Kalyan Yojana

Department Name: Pradhan Mantri Garib Kalyan Deposit Scheme and Reserve Bank of India

Posts Name: PMGKDS Scheme 2017 for Black Money

Declaring Eligibility for Deposits and Cash: As per Normal basis Candidates have to declare Un authorised Money by depositing into Reserve Bank Of India or in their recognized bank. Then amount will be collected by banks and further modification will be carried out by Banks.

Deposits and Tax Payments: If you have deposited all the money in bank, then you have to pay taxes for all declaration of Money. Candidates required paying 30% on the income apart from that he or she has to pay 33% surcharge tax + 10% penalty on over all Income.

1. This will almost to total of 50% Income which will collect for government bank.
2. The person also order to pay 25% total; declared amount in garib kalyan Yojana.

Payment and Deposit Proof: if you have follow all the rules and Regulation on PMGKDS the people are required to file a form of Garib Kalyan Yojana and then have to verify with proper evidence it by using instruction set by the government.

Income taxation Policies To People Who Will Declare Their Money: The tax is charged as follows:

1. First is a 50% tax rate. This 50% contains of: 30 percent tax

2. 33% Pradhan Mantri Garib Kalyan Cess (33% of 30%; this implies a sum of 10%).
3. 10% fine or penalty
4. Total tax rate is (30 + 10+ 10) = 50%.
5. Besides this 50%, This 25% amount will be safe under social security scheme called Pradhan Mantri Garib Kalyan Deposit Scheme 2016 by Reserve Bank of India for four years and no interest will be paid to the person for that period.
6. After four year this 25% Garib kalyan money will be returned back to the person.

Existing Provisions
Proposed Provisions
Fine imposed on general provision
Penalty (Section 270 A)
No charges are proposed
Tax of 200% for misreporting
50% tax of under reporting
Income and accessed income is the normal difference between misreporting and under reporting income
Fine or Penalty imposed on Provision for taxation and unexplained credit, investment cash
Tax (Section 115 BBE)
Tax (Section 115 BBE)
30% will be charged flat + surcharge + cess
60% flat rate+ surcharge 25% tax (15% of the unaccounted income) total 75% tax approx
No expense, deductions set-off is allowed
No expense, deductions set-off is allowed

Important Links:

Pdf Download Notification:
RBI Garib Kalyan Yojana 2017 notification PDFs

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Note: Rules and Policies for those people who will not declare their money in future if they caught red handed during investigation then they fine to pay flat 605 on entire amounts. Beside that they should have to pay 25% (15%) for surcharge which may account up to 75% of entire money and they also have to pay 10% as penalty.

In Garib Kalyan Yojana 2015
Titled ‘Garib Kalyan Yojana’ (Poverty Alleviation Schemes), this pay-and-attend seminar on 19 April 2015 is organized in association with the Rambhau Mhalgi Prabodhini. Pradhan Mantri Garib Kalyan Yojana has launched under the Government Policies.