Finance minster emphasised honest taxpayers have nothing to fear. “Those who pay honestly and on time have no reason to worry."

While answering Income tax related Queries the top 9 points Finance Minister Arun Jaitley & Central Board of Direct Taxes chairman Sushil Chandra said on Tuesday been clustered below :

More than 91 lakh people have been newly added to the tax net as a result of the action taken by the I-T department on tax evaders.

During the first phase of the department’s operation, search and survey operations had yielded more than 16,000 crore in unaccounted money and assets worth about 900 crore were seized.

The daily demand for permanent account numbers (PAN) has already gone up from one lakh a day to more than 2-3 lakh a day.

The department has so far issued over 30 crore PAN cards and is looking at making a significant addition to the tax base in the next two years.

Between January and April, the department had identified more than 18 lakh people where the bank deposits were not in line with their tax returns or identified sources of income. Subsequent investigation has helped in a 22% growth in e-filed returns.

Tax department has given enough opportunity to people in the high risk category to come clean. However, now the department will launch search and survey operations against those who have failed to avail of the repeated chances given to them through text messages and emails.

The department has also identified 7.5 lakh medium-risk individuals who would be given more time to come clean and declare their income and file returns.

“High-risk individuals” are those who had made unexplained deposits of more than 25 lakh in their accounts accumulated with more than 1.72 lakh crore deposits in their bank accounts

Soon take action under the second phase of “Operation Clean Money” will be done by tax authorities over this "High-risk individuals”.