Tax amount under PMGKY 2016

Calculator for tax, penalty and amount available for use on disclosure of unaccounted money  under scheme Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY)
Particulars INR amount
Income to be disclosed under PMGKY Scheme        500,000.00
Tax @30%        150,000.00
Surcharge 33%          49,500.00
Penalty 10%          50,000.00
Total tax amount (including penalty)        249,500.00
Amount to be locked under Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) for 4 years        125,000.00
Net amount available for use        125,500.00

Use attached calculator and insert amount to be disclosed calculator-for-tax-under-pmgky-2016

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