Taxation on investment in spouse's name

Yes, your understanding is correct. Working can be anything in similar fashion.

Yes. I fully agreed with My Dear Dhirajala Rambhia Sir...

If it's less than ceiling limit. Then no need tax treatments for the FD interest

Your understanding is correct

Please read following examples for better under standing

1. Mr Sharma invests Rs 10 lakh in a fixed deposit (FD) at a bank, in his wife’s name. Now Interest income on FD will be clubbed with his (Mr. Sharma) income. Investment made by Mrs. Sharma out of such Interest income will be taxed on her own income.  

2. Where the assesse transferred a flat to his spouse, and the spouse invested the rental income in fixed deposits, then rental income alone is clubbed in the hands of the assessee, while the interest income from the fixed deposit is clubbed in the hands of the spouse only.

Please explain tha 2 option...

After transferred the property the income to Receiver's (Spouse) hand not to Assessee hand.

Rental income is to be taxed under assessee's hand

and interest from the fixed deposit, invested using rental income is taxed under spouse's hand.

Before transfering The Let out property is assessee hand. After transfered it's Spouse hand and Spouse is the owner of the property. The Rental income also owner's (SPOUSE) hand.

It's not efeected to the assessee hand (Income)...

Before transfering The Let out property is assessee hand. After transfered it's Spouse hand and Spouse is the owner of the property. The Rental income also owner's (SPOUSE) hand.

It's not efeected to the assessee hand (Income)...