How much of my salary should I give to my wife?

Generally court will give her 1/3 maintenance out of total monthly income. It advice to you settle full and finally forever as past present and future maintenance as well as on account of dowry article and ishtridhan. Thanks. The maintenance of wife varies between 1/3 to 1/4th of your income.

Do wife have right on husband salary?

According to the RTI Act, nobody can obtain information of anyone’s income until it is of public interest, explained authorities to a woman, who filed a divorce case. According to RTI (right to information) ACT, a wife does not have the right to know her husband’s monthly income.

Can I give money to my wife tax free?

The money gifted to your wife will not be subject to tax in India as she is a specified relative as per the I-T Act. The money received by her shall not be taxable in your or her hands. In case she invests this money and an income is earned from it, there may be tax implications for you.

How much money can a husband gift his wife?

If you’re married, you and your spouse can each gift up to $15,000 to any one recipient. If you gift more than the exclusion to a recipient, you will need to file tax forms to disclose those gifts to the IRS.

How much can I gift my wife tax-free?

$15,000
You just cannot gift any one recipient more than $15,000 within one year. If you’re married, you and your spouse can each gift up to $15,000 to any one recipient. If you gift more than the exclusion to a recipient, you will need to file tax forms to disclose those gifts to the IRS. You may also have to pay taxes on it.

Can I pay my wife as an employee?

Hiring your spouse to work as an employee in your business can save you big on taxes. Employee wages you pay your spouse are fully taxable. Your spouse-employee must pay federal and state income tax on wages. And you and your spouse must each pay half of the Social Security and Medicare tax on wages.

How can I get my wife to take a paid vacation?

Given your salary of $120,000 per year, I figure you have the sort of job that allows you to take a paid vacation. Send your wife out of town to stay with a friend for the week, and then do her job for seven whole days. What you will find is that you are lucky that you currently aren’t divorced.

Can I pay salary to my wife for running the House?

Hello , From the information available you would like to pay salary to your wife since she is working to run the house.Practically it is not possiable in from the perspective of Indian taxation system. There are five heads of income under Income tax act,1961.

Should I put my wife on an allowance?

If you have the sort of friends that recommend that you put your wife on an allowance, then get new friends. Your wife isn’t the problem. Your attitude is the problem. Here’s what I suggest you do.

Should my wife become an employee of my company?

Sure why not, if you have a business. If you are a sole propreitor your wife can be an employee and can be paid salary and benefits. She will also earn credit toward social security. She can participate in 401K, SEP and other benefit plans this is a great way to keep the earnings in the family