Cash deposit rules: How much is too much in your savings account?

Depositing over ₹10 lakh in cash annually in a savings account can trigger tax scrutiny if not supported by legitimate income proof.

Cash deposits into savings accounts are common in India, especially among small businesses, professionals, and individuals dealing in cash-heavy transactions. However, large or frequent deposits can attract attention from the Income Tax Department. Knowing the permissible limits and associated tax rules can help you avoid unnecessary scrutiny or penalties.

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