Tax on housewife

[ajha4890]

If I transfer online some amount of my money to my wife's account and invest as below,
ELSS 150000
NPS 50000
Mutual Fund 500000
Will her account be considered as individual tax payer or it clubbed with mine.
And how to avoid clubbing. (Very imp.)

 

[ShavirB]

Though I'm not a tax expert but pretty sure that clubbing of income will be applicable in this case.

Instead you can create a HUF with your wife and invest from that. HUD acts like a separate entity, you will be able to save tax of upto 7 Lakhs from 1 HUF account.

But before forming an HUF please understand pros and cons of the same.