I want to keep <span class='webrupee'>₹</span>5 lakh in my savings account? Do I have to pay any tax?

[Felaket]

I want to keep <span class='webrupee'>₹</span>5 lakh in my savings account? Do I have to pay any tax? You do not have to pay any tax to the bank but the interest income from saving bank account is taxable like any other income. Individual taxpayers are allowed a deduction in respect of interest received on saving bank account