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Pradhan Mantri Garib Kalyan Yojana (PMGKY) was launched in 2016.
It is a Union Government’s second Income Disclosure Scheme (IDS) to allow tax evaders to come clean with unaccounted wealth valid from December 16, 2016 to March 31, 2017,
It provides for 50 percent tax and surcharge on declarations of unaccounted cash deposited in banks.