Need A Financial Product › Forums › Trading/Investments › What will be impact of adding wife in savings account › What-will-be-impact-of-adding-wife-in-savings-account_REPLY
September 9, 2014 at 9:14 am
#47260
samkapoor77Keymaster
Your taxation liability will remain same, i.e. you will continue to be liable to pay tax on the interest income from this account. By converting the account to joint account, she will not get a separate cheque book however she will get a new ATM cum debit card on her name.