Government has announced tax benefits for small scale businessmen opting e-payments asserting that if a small trader makes digital payment, his presumptive income will be assessed at 6 per cent for filing of tax, against 8 percent for other traders having turnover below two crore rupees.
Briefing media in New Delhi yesterday, Finance Minister Arun Jaitley said, government has made amendments in some taxation provisions for small traders to boost digital payment. 
Replying to a query, Mr Jaitley said, Reserve Bank of India was adequately prepared for demonetisation and it has enough currency stocks that will last beyond 30th of this month. 
He said, there has not been a day when the RBI did not dispense adequate cash to banks. He said, the banks have been asked to take action against erring officials who were found guilty for irregularities post demonetisation. He said, if someone has old currency, the person can deposit it with banks at one go as repeat deposits of such notes raise doubt. He said, many industries have shown increase in digital payments by 300 to 1,500 per cent. 
He also informed that credit and debit card, e-wallet users and payments have increased significantly.

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