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Cash deposit in to bank

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 January 2015 sir / madam

i want to know how maximum rupees i can deposit in to bank in one financial year,

if i don't want to pay income tax for particulate year

please suggest me
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 January 2015 Basic exemption limit 2.50lakhs minus your personal expenses, balance amount you can deposit in cash to your bank ac for which no income tax payable.
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Rupesh Jain

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Rupesh Jain (Expert)
24 January 2015 you can deposit rs.10 lacs .if you deposit the cash exceeds then income tax deptt. send you the letter for sources of fund.
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