Cash deposit limit calculation

Generally, not accepted by ITO

As a further clarification, please take note that the standard formula adopted by the investigation authorities in financial matters is to set off 30% of the salary or income towards "kitchen expenses,"  and hence, one need to re-deposit cash withdrawn accordingly and not otherwise. The two most formulae adopted by the Investigating agencies is to assess the proportion and disproportion of assets held by the individual is :

1) 30% of the income towards kitchen expenses;

2) 10% of the income towards LIC / Insurance premium