Income tax on saved money in bank ?

This discussion clarifies the income tax implications of keeping company profits in a personal savings account. For private limited companies, especially those with partners, it's crucial to route profits correctly through partner capital accounts to avoid issues. If the business is a partnership firm rather than a Pvt Ltd, moving money to a savings account is generally fine, as confirmed by a CA. The core advice is that simply keeping money in a savings account doesn't incur income tax, but the source and structure of the funds are key.