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As per the provisions of rule 37BA(2)(i) of the Income Tax Rules, 1962, your wife can submit a declaration to the bank stating that the interest income is taxable in your hand and not in her hand with your PAN details and the bank then will furnish your details to the income tax department so that you can claim and get the credit for the tax so deducted
Banks start hiking the interest rates when policy rates starts to go up.
PPF, Bank, PF, SIP, Mutual Funds: Find out how you can double, triple your investments in little time - Here are some guaranteed methods through which you can calculate your returns and invest accordingly - Know more
Invested most of your money in FDs? There is BAD news for you - Know why - Last week, RBI said that the Consumer Price Index (CPI)-based inflation is now projected to be at 5.3 per cent for 2021-22 with risks evenly balanced.
The Reserve Bank of India (RBI) in its latest monetary policy review has projected retail inflation at 5.3 per cent for the current financial year.