Tax rebate on money invested in wife’s PPF account

POSTED BY Kunal Sachdev ON October 1, 2012 2:55 pm ONE COMMENT

I have a querry . I am investing Rs 1 lac in my PPF account and anothe Rs 70 k in my wife’s PPF account (she is a housewife ) can i get any income Tax benifit on money invested in wife’s PPF account ..

One reply on this article “Tax rebate on money invested in wife’s PPF account”

  1. VIGNESH BASKARAN says:

    dear Kunal

    You cant get IT benefit for the amount investing in wife s PPF account.

    a total exemption is allowed for 1 L(ur acc +wife acc)

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