FD Investment Tips: There are many benefits of making FD in the name of wife, tax will also be saved..

FD Tips: Investment in fixed deposits remains the most preferred investment option of Indians. Even today, a large section of the country considers fixed deposits as the most secure investment option. Due to this, the craze of FD continues. If you are also thinking of getting an FD and you are married, then you can invest in an FD in the name of your wife. By doing this, you can also take advantage of tax exemption.

Know the benefits of getting FD in the name of the wife-

There are benefits to getting FD in the name of a wife because either more women come in the lower tax bracket or they are housewives. Housewife women stay at home and do not have tax liability. In such a situation, if you invest in FD in the name of your wife, then you can save TDS. Along with this, if you have to pay more tax, then you can get an exemption in that too.

You can also take advantage of tax exemption-

As you know, customers have to pay TDS on the interest rate received on investment in fixed deposit i.e. FD (FD news). In such a situation, the earnings from FD (Benefits of getting FD in your wife's name) will be added to your total earnings. In such a situation, you will have to pay more tax, but now you do not need to worry about it. Now if you get FD in the name of your wife, then you can save tax.

At what interest rates is TDS deducted

According to the rules, if interest of more than Rs 40,000 is received on FD (FD ke rules) in a financial year, then 10 percent of it has to be paid as TDS. If your wife's salary is less, then she can avoid payment of TDS payment by filling out Form 15G. At the same time, by making a joint FD with the wife and making the wife the first holder, you will not only avoid TDS deduction, but along with TDS, you can also avoid paying higher tax payment.

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