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Haryana Introduces Tax Relief Scheme for Small Traders and Businesses

The One-Time Settlement Scheme-2025 offers tax exemptions and penalty waivers to resolve disputes and promote economic growth, effective April 7 for six months.

Haryana CM Nayab Singh Saini during the launch of One Time Settlement Scheme-2025 in Kurukshetra on Sunday. (Sourced)
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Overview

  • The One-Time Settlement Scheme-2025 was launched by Chief Minister Nayab Singh Saini on March 23, 2025, in Kurukshetra.
  • Taxpayers with disputes under Rs 10 lakh will pay 40% of the outstanding amount, while those with disputes between Rs 10 lakh and Rs 10 crore will pay 50%.
  • Disputes exceeding Rs 10 crore require full payment of the outstanding amount, but penalties and additional taxes will be waived.
  • The scheme will be operational from April 7, 2025, for six months and allows installment payments for settlements over Rs 10 lakh.
  • This initiative addresses long-standing tax disputes, including pre-GST cases, and aims to foster a business-friendly environment while boosting state revenue.