I've been a regular visitor to rediff.com whenever I feel like reading some graffiti. of course the best thing they could have done to themselves is the speed with which rediff pages open up. But this is one article that keep appearing every year, during the month of filing tax returns. If I am not wrong this is the third year in succession that rediff has come out with this article. And even my eyes had started twinkling when I read it the first time. Take my word, reading this article is a waste of time, especially for salaried people! If you're into business, you can make your 4-5 family members as business partners and split your income. In that case all 4-5 members have to file individual returns. For salaried people, this is not possible due to TDS. But you can apply this logic for your other taxable investments (e.g. fixed deposits, bank interests etc.) Put those on names of your lesser earning or non-earning family members and you can save some tax.
