Clarification about deposit in spouse's ppf

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BN Patra (Querist)
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16 January 2015 I need clarification on a point which is that Either husband can show the PPF savings under 80C of his income where the PPF is on the name of his wife, where wife is a employee and get saray, but she is exempt from Income Tax.

Amol S Joglekar

Amol S Joglekar (Expert)
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16 January 2015 The LOGIC is whoever owns INCOME/EXPENDITURE should get the benefit....

It is NOT correct to submit that HUSBAND can claim PPF deduction where the wife is earning and the PPF account is in her name....

Make it simple...Go and open one PPF account in your name

Message likes : 1 times

Rupesh Jain

Rupesh Jain (Expert)
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16 January 2015 its better to open PPF a/c in his name.

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