Yes, you can deposit 5 lakhs in your 2 bank accounts, with 2.5 lakhs in each account. However, as per the new government policies, if the total amount deposited in your bank accounts during the financial year exceeds Rs. 2.5 lakhs, it will be subject to scrutiny by the Income Tax department. If any discrepancies or mismatches are found, you may be required to pay taxes or face penalties. It is always advisable to properly document your sources of income and consult a tax professional if you have any doubts.
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