In Numbers: Govt to earn additional Rs 15,000 crore this fiscal thanks to IDS

A day after the four-month amnesty-like Income Declaration Scheme (IDS) window closed, Finance Minister Arun Jaitley chaired a meeting, to disclose the initial figures of the black money unearthed through the government's scheme. 

Prime Minister Narendra Modi's government launched the one-time black money disclosure scheme on June 1, to rein in black money in the economy, which remained open till midnight of September 30. 

Under the scheme, taxpayers with undisclosed income could come forward and declare their wealth, and come clean by paying 45% tax and penalty. The government assured that the taxpayers' names would be kept confidential. 

Here's everything you need to know about the Income Declaration Scheme in numbers: 

Income Declaration Scheme period - June 1, 2016 - September 30, 2016 

Number of Declarants - 64,275

Black money declared - Rs 65,250 crore

Average declaration per person - Rs 1 crore 

Government target - Rs 40,000 - Rs 50,000 crore

Central Board of Direct Taxes (tax revenue) estimate - Rs 30,000 crore

Government revenue - Rs 29,362 crore (at 45% tax and penalty)

Earnings this fiscal - Rs 14,700 crore (Since declarants can pay the money in three instalments up to September 30, 2017)

How government made IDS successful: 

Public meetings (and social media campaigns, Nukkad Nataks) held in four months - 5,500

Other measures to rein in black money: 

Black money found in search operations (in two years of Modi govt) - Rs 56,378 crore

Money garnered from persons who didn't file tax returns - Rs 16,000 crore

HSBC List: Assessment for Rs 8,000 crore carried out; 55 prosecution cases filed

International Consortium for Investigative Journalists' (ICIJ) list - Rs 5,000 crore detected

Panama Papers 500 Indians' list: 250 references given to other countries

Past schemes: 

2015 black money declaration scheme: 664 declarations

2015 declaration value: Rs 2,428 crore

Former Finance Minister's 1997 Voluntary Income Disclosure Scheme: Rs 9,760 crore 

(With inputs from Agencies)