Amendments will be tabled in Parliament for approval by Monday or Tuesday Those who deposited their black money in banks, disclosing it to be untaxed wealth, since the government announced demonetisation will now have to pay income tax at 50% and a quarter of the portion of the unaccounted income would remain with the government for four years, as per amendments planned to the Income Tax Act by the Centre. The amendments will be tabled in Parliament for approval by Monday or Tuesday, a top government official said on Friday. According to the amendments planned, those who deposit their unaccounted income in banks till the last date would have to pay a 50% tax and will have to forgo 25% of the deposited amount for four years. Those who do not disclose their black money and are caught by income tax (I-T) officer would have to pay 60% tax and 30% penalty, the official said. The government announced demonetisation of the old series Rs 500 and Rs 1,000 currency notes on November 8. Those w