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Interest from saving bank account

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 October 2014 i have a bank account with joint name with wife .whether interest income is included in my wife name
if first name is in Account Husband
but PAN card provided to bank of wife.

interest income is included in which name.
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@VaibhavJ

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@VaibhavJ (Expert)
13 October 2014 Hi

It can be claimed in 1st account holders name generally, however both can claim 50-50 also.


Thanks
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 October 2014 how they can claim on pro-rata basis , is any section say about it.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 October 2014 it would depend on who contributed the funds in the bank account.

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