How much money can be kept in the savings account in a year?
How much money can be kept in the savings account in a year?
Do you know how much money you put in your savings account in a year without tax? From April 1 to March 31, you can keep up to Rs 10 lakh in a savings account. If you have more money in your account then you have to report it to Income Tax Department. If you have not reported it yourself, the bank will report it on your behalf.
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