investment

You should be able to explain the source of the 2 lac

dear m_s_e,
You have to explain the source to the incometax department, as correctly pointed out by Ms Asha, besides this tax deducted at source (TDS) provisions may also apply.

You can plan no tax liabilities.

Dear If this 2 lacs in SB is out of an "income earned" by you, then u would have paid "r' whould have to pay income tax after including the interest earned on sb a/c. If this 2 lacs is capital receipt on sale of property or investments, calculate the gain portion to determine short-term or long-term and apply the tax exemptions possible. e.g gain share investment held for more than oneyear is completely tax free. Taxation issue doesnot arise merely because money is in SB a.c. Taxation issue arise maily because of the income earned. Even for wealth tax, money in SB a.c will be exempt.(if you have more than the wealth specified in wealth tax act) ravisankar