Officials say few willing to declare wealth, Modi's warning may work Tax evaders and avoiders may not bite the bait of Prime Minister Narendra Modi's latest amnesty scheme and officials and consultants estimate the mopup to be only about Rs.1,000 crore, against Rs.33,339 crore declared re, against ` way back in 1997. While there is no official figure released by the government, some tax officers in the know estimated only about Rs. 1,000 crore are likely to be declared. The current scheme caters only to domestic black money and is set to attract a tax rate of 45%. Tax amnesty schemes tend to be fallow ground except when announced at long intervals. India has had 12 amnesty schemes since 1951, four of them since the economy was opened up in 1991. The 2015 scheme by the government had about 638 declarants and revenue of around Rs. 3,770 crore. While the 1997 one was had a revenue of about ` . 9,584 crore from about 4,76,133 declarants. ET spoke to income-tax officers