Does any law, specially PF Act, prescribe what should be the basic salary component percentage of Total gross salary?
Dear Sir / Madam,
Both me and my husband residents and are earning and filing our tax returns separately on time.
My question is if my husband gives me Rs 100,000 as gift and I invest this in my PPF account can I claim 80C tax benefits for the AY?
Will my husband be taxed on income from this investment?
Please kindly clarify my query.
Kind Regards
Sherryl
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Basic salary percentage