New Delhi, December 22: According to the latest notification the government has permitted the usage of old notes for payments towards tax, penalty, surcharge and deposits under the Pradhan Mantri Garib Kalyan Yojana 2016 in demonetised currency allowed till 30th December 2016.Also Read - World Bank Grants $500 Million to Support India’s Informal Workforce, Cope With Pandemic

The central government has decided that up to 30th December 2016,  the payment towards tax, surcharge, penalty and deposit under the Pradhan Mantri Garib KalyanYojana (PMGKY), can be made in Old Bank Notes of Rs. 500 and Rs.1,000 denomination issued by the RBI. Also Read - Rs 2,000 Notes Not Printed in Last 2 Years! Here's What Govt Said About The Rs 2,000 Currency Notes

According to a release issued by the government, the Taxation and Investment Regime for Pradhan Mantri Garib KalyanYojana (PMGKY), 2016 has commenced on 17th December 2016 and is open for declarations up to 31st March 2017. The payment of tax, surcharge and penalty under the Scheme is to be made through challan ITNS- 287 and the deposits are to be made in the Pradhan Mantri Garib Kalyan Deposit Scheme,2016. The notifications relating to PMGKY are available on the website www.incometaxindia.gov.in . Also Read - Mumbai Man's Wallet Stolen in Local Train Found by Cops After 14 Years, Includes Demonetised Rs 500 Note