Tax implications on investing in house wife name

If I invest in fd in my wife name then the interest will be clubbed in my income but what will happen if I invest in ppf account in my wife name and can I invest 1.5Lk in 80c in my name and my wife name also. What will be the tax implications.

Replies (3)
Quick Summary
This discussion explores the tax implications of investing in your wife's name, specifically focusing on Fixed Deposits (FDs) and Public Provident Fund (PPF) accounts. It clarifies that while FD interest might be clubbed with your income, PPF interest is tax-exempt. The conversation also touches upon the possibility of claiming Section 80C deductions for investments made by both spouses.

Yes, investment in PPF account would not be clubbed as the interest earned is exempt u/s. 10 of IT act.

Whose income is higher?
Not necessarily. Clubbing of income Sec 64 provisions are applicable.

My wife is a house wife and I want to know regarding specific situation mentioned 

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