What is the amount of penalty levied under section 271AAB(1A)?

Ans.

​​​a. 30% of undisclosed income of the specified previous year if assessee admits the undisclosed income; substantiates the manner in which it was derived; and on or before the specified date pays the tax, together with interest thereon and furnishes the return of income for the specified previous year declaring such undisclosed income

b. 60% of undisclosed income of the specified previous year in any other case.​