New Delhi, Oct 1 (Agencies): The government expects to earn taxes of Rs 30,000 crore from the one-time income declaration scheme that closed on Saturday, Rani Singh Nair, chairperson of the Central Board of Direct Taxes, said.

”We expect a tax of Rs 30,000 crore from the declarations made under the IDS,” Nair said. The income disclosed so far is Rs 64,250 crore, which will be taxed at 45 per cent.

Half of this is expected to come in the current financial year ending March 31, 2017, as the government has allowed payments of tax and penalty to be staggered up to September 2017.

The final figure will be clear after declarations are revised and reconciled.

Finance Minister Arun Jaitley said 64,275 declarations have been made under the four-month window aimed at squeezing out black money from the domestic economy, and Rs 65,250 crore of black money was declared under it.

The CBDT boss said the income-tax department will not undertake any “increased scrutiny” or “harassment” of taxpayers, now that the window has closed, but any case of tax evasion will be processed in line with the law.

Asked if the IDS was successful compared with the 1997 VDIS or Voluntary Disclosure of Income Scheme, she said comparisons should not be drawn, but the latest scheme indicates that average declarations made per person are higher.

Jaitley said the IDS was not an amnesty scheme like the VIDS. The tax collected under the VDIS was Rs 9,760 crore and an average declaration of Rs 7 lakh.