<s>[INST] If a person declares income under this scheme then what is the due date for payment of tax calculated on declared income? [/INST] ​If a person declared income under this scheme then he is required to pay the amount of tax, surcharge and penalty as per the following schedule:-

Minimum of 25% of tax, surcharge and penalty to be paid by 30th November, 2016;
A further amount of 25% of tax, surcharge and penalty to be paid by 31st March, 2017; and
The balance amount to be paid on or befo​re 30th September, 2017.
However, in case the amount of tax, surcharge and penalty, has not been paid within the due date, the Central Government may notify the class of persons who may make the payment of such amount on or before a notified date, along with the interest on such amount, at the rate of 1% of every month or part of a month, from the due date to the date of such payment. [Inserted by the Finance (no. 2) Act, 2019 w.e.f., 01-06-2016]​ </s>