Tax saving on gifted amount

sir,

if i have gifted an amount to my wife(non earning member) from my income and she invested that in a PPF.

so,will i get any tax benefit on my gross salary. if yes then under which head(under sec10,80c,etc) and what document do i have to submit to my employer as its proof.

ritesh.........

Replies (1)

Here u wil  get deduction for investment under section 80C and interest on that PPF will be exempted in your hand . U will show this interest amount in EI sheet of ITR.

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