{"id":4942,"date":"2022-09-07T15:45:15","date_gmt":"2022-09-07T15:45:15","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=4942"},"modified":"2022-09-07T15:45:15","modified_gmt":"2022-09-07T15:45:15","slug":"how-to-make-payment-of-tax-under-pmgky","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/how-to-make-payment-of-tax-under-pmgky\/","title":{"rendered":"How to make payment of tax under PMGKY?"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4943\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/PMGKY.jpg\" alt=\"PMGKY\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/PMGKY.jpg 1280w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/PMGKY-300x169.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/PMGKY-1024x576.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/PMGKY-768x432.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/PMGKY-800x450.jpg 800w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69eab4d38ace4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69eab4d38ace4\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-make-payment-of-tax-under-pmgky\/#How_to_make_payment_of_tax_under_PMGKY\" title=\"How to make payment of tax under PMGKY?\">How to make payment of tax under PMGKY?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-make-payment-of-tax-under-pmgky\/#Challan_287\" title=\"Challan 287: \">Challan 287: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-make-payment-of-tax-under-pmgky\/#How_to_make_payment_of_tax_under_PMGKY-2\" title=\"How to make payment of tax under PMGKY?\">How to make payment of tax under PMGKY?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-make-payment-of-tax-under-pmgky\/#Protective_measures_while_filing_income_tax_challan\" title=\"Protective measures while filing income tax challan\u00a0\">Protective measures while filing income tax challan\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-make-payment-of-tax-under-pmgky\/#Challan_286\" title=\"Challan 286: \">Challan 286: <\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_to_make_payment_of_tax_under_PMGKY\"><\/span><span style=\"color: #000080;\"><strong>How to make payment of tax under PMGKY?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Challan_287\"><\/span><span style=\"color: #000080;\"><strong>Challan 287: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>Under Pradhan Mantri Garib Kalyan Yojana Scheme or PMGKY scheme, 2016 while making an income tax payment <\/strong><\/span><\/p>\n<p>Normally Challan 287 are using Under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) Scheme, 2016, for making tax payments by taxpayers preparing to planning to disclose income during the period From 17 December 2016 until 31 March 2017 under the PMGKY Scheme.<\/p>\n<p><span style=\"color: #000080;\"><strong>Pradhan Mantri Garib Kalyan Yojana Scheme or PMGKY, 2016<\/strong><\/span><\/p>\n<p>You could report all of declaring any of your disclosed income (either in the form of cash or deposit) to pay tax, cess, or penalty under the taxation and investment regime of PMGKY, 2016. under the <em>Pradhan Mantri Garib Kalyan Yojana Scheme, 2016,<\/em> the tax on such declare any of your disclosed earnings is to be deposited in government accounts with the help of\u00a0\u00a0Challan 287 under the income tax.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_make_payment_of_tax_under_PMGKY-2\"><\/span><span style=\"color: #000080;\"><strong>How to make payment of tax under PMGKY?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-4944\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/tax-tin-nsdl-pmgky-challan-287-tax-pradhan-mantri-garib-kalyan-yojna.jpg\" alt=\"PMGKY scheme \" width=\"864\" height=\"468\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/tax-tin-nsdl-pmgky-challan-287-tax-pradhan-mantri-garib-kalyan-yojna.jpg 637w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/tax-tin-nsdl-pmgky-challan-287-tax-pradhan-mantri-garib-kalyan-yojna-300x162.jpg 300w\" sizes=\"(max-width: 864px) 100vw, 864px\" \/><\/p>\n<p>Under <em>Pradhan Mantri Garib Kalyan Yojana, 2016<\/em>, you can pay tax on your disclosed income by following the steps below:<\/p>\n<ul>\n<li><strong>Declare income such as deposits and cash:<\/strong> under government PMGKY, 2016, you are expected to report your unaccounted deposits and cash.<\/li>\n<li><strong>Pay tax and make the deposit:<\/strong> As recommended by the Income Tax Department, you are expected to pay tax at a 50 percent rate on reported income. Afterward, in <em>Pradhan Mantri Garib Kalyan Yojana, 2016<\/em>, you are expected to pay 25 percent of the total declared amount. The money therefore charged will be blocked for four years by the state, and will be charged to you without interest.<\/li>\n<li><strong>Payment of income tax using Challan 287 and proof of payment:<\/strong> You are expected to pay tax using Challan 287 after completing the above steps and to receive a counterfoil in respect of the payment made. The counterfoil is seen as evidence of the payment you have made.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Protective_measures_while_filing_income_tax_challan\"><\/span><span style=\"color: #000080;\"><strong>Protective measures while filing income tax challan\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>For filing taxes by using Challan 287, the PAN number is compulsory. If you do not have a PAN number, apply for the Permanent Account Number (PAN)number and the application date of the quotation, and the number of the certificate.<\/li>\n<li>Make sure the bank counterfoil contains the following details:\n<ul>\n<li>Seven Digit BSR code of the branch of the bank via which the payment was made<\/li>\n<li>Date of Challan&#8217;s deposit<\/li>\n<li>Serial Number of\u00a0Challan<\/li>\n<li>CIN Number<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Challan_286\"><\/span><span style=\"color: #000080;\"><strong>Challan 286: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>For making the payment of Undisclosed income under the Income Tax Declaration Scheme 2016<\/strong><\/span><\/p>\n<p>The Finance Act, 2016 consists of the requirement under the Government&#8217;s <strong>Income Tax Declaration Scheme 2016<\/strong>, to pay taxes on undisclosed income received during the previous year. Challan 286 may be used to pay income tax on certain income to the state. As specified by the Income Tax Department, income tax on such undisclosed income is payable at a Forty-five percent rate. This Income Tax Declaration Scheme 2016 is effective as of June 1st, 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to make payment of tax under PMGKY? Challan 287: Under Pradhan Mantri Garib Kalyan Yojana Scheme or PMGKY scheme, 2016 while making an income tax payment Normally Challan 287 are using Under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) Scheme, 2016, for making tax payments by taxpayers preparing to planning to disclose income during &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[173],"tags":[941],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4942"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=4942"}],"version-history":[{"count":2,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4942\/revisions"}],"predecessor-version":[{"id":4946,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4942\/revisions\/4946"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=4942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=4942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=4942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}