2 Replies to “how to deposit amount of 4lakhsrupees with no tax?”

  1. If your annual income is less than Rs 2,50,000, to gether with the interest you will be earning on the deposit amount of Rs 4 lakhs, then, you are not liable to Income tax. You may deposit the amount with the bank/company as the case may be and also file a Form 15G (the form is as per Income tax rules and is available in any auditors’ office or the place where you deposit) for declaring no tax liability for you. If you file so, the bank or company concerned will not deduct tax.

Leave a Reply

Your email address will not be published. Required fields are marked *

nineteen − sixteen =