Income tax


If my income is 2 Lacks per annum and keeping the amount as saving. Then at the end of 5 years i will have 10 lacks… kindly advise these 10 lacks are taxable or not… If not how? If yes how ? Need best advise


The amount would not be taxable. When you earn more than 2.5 lakh in a particular year the the more amount will be taxable.