POSTED BY February 10, 2014 9:34 pm ONE COMMENTON
Currently I am working in a MNC. And the money I save is invested in Fixed Deposits. Now lets say I earn 15000 Rupees in Interest from the fixed deposits. I have to pay 1500 Rs as Tax.
Is it a good idea to transfer a certain amount to my mom’s account and let her interest as she is a housewife and she will not have to pay tax on that interest.