There are many options available for investment today. Out of these, fixed deposits are very much liked by Indians. FD is a secure investment option. Investors who want to invest without risk often choose FD. FD gives the benefit of guaranteed return. Along with this, the investor also gets many other benefits.

Many investors do not know about another benefit of FD. Yes, if a man gets an FD in the name of his wife instead of his name, then he gets additional benefits. Many investors do not know about these benefits. We are going to tell you about all these benefits.

The wife gets the benefit of TDS.
TDS has to be paid on the return received on FD. The interest received in FD is added to the income of the investor in a way. Many women in India fall in the lower tax bracket. On the other hand, those who are housewives have to pay zero tax.

If you can get an FD done in your wife's name, then you can save TDS to some extent. At the same time, you can also save tax.

How much TDS will be saved?
If interest of more than Rs 40,000 is received on FD in a business year, then 10 percent TDS will have to be paid. In such a situation, if the FD is in the name of the wife, then TDS can be saved by filling in Form 15G. At the same time, if the husband and wife have a joint FD and the wife is the first holder, then you can also avoid paying tax along with TDS.