delayed payment of tax under income declaration scheme

No........

": 184. (1) The tax and surcharge payable under section 181 and penalty payable under section 182 in respect of the undisclosed income, shall be paid on or before a date to be notified by the Central Government in the Official Gazette. (2) The declarant shall file the proof of payment of tax, surcharge and penalty on or before the date notified under sub-section (1), with the Principal Commissioner or the Commissioner, as the case may be, before whom the declaration under section 180 was made. (3) If the declarant fails to pay the tax, surcharge and penalty in respect of the declaration made under section 180 on or before the date specified under sub-section (1), the declaration filed by him shall be deemed never to have been made under this Scheme."  

More details: The-Income-Declaration-Scheme-2016.

CBDT has issued a Press Release dated July 14 2016, relaxing the schedule of payments under the Scheme. The revised payment schedule is as below:

On or before Nov 30, 2016: a minimum amount of 25 % of total tax, surcharge and penalty payable

On or before Mar 31, 2017 : a minimum amount of 50 % of total tax, surcharge and penalty payable

On or before Sep 30, 2017: 100% of the total tax, surcharge and penalty payable