Multiple choice

The 'Samman Scheme' announced in 1998 by the Government of India is related to

  1. Housing

  2. Income tax

  3. Life insurance

  4. Postal saving
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Samman Scheme was a 1998 tax amnesty scheme by the Government of India that allowed tax defaulters to declare their undisclosed income and pay taxes at reduced rates. It was specifically designed to boost income tax collection by providing an opportunity to regularize undeclared income. Housing schemes are typically named differently, and life insurance or postal savings have separate government schemes.

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