New Delhi, July 27 -- When investing across asset classes such as stocks, bonds, debt instruments and Public Provident Fund (PPF), taxpayers must adopt a clear strategy to maximize returns and optimize tax savings.

Contributing to a PPF account in your spouse's name can be an effective way to build long-term savings while also claiming tax benefits, provided the investment is made with due diligence and in line with legal provisions.

Many taxpayers remain unclear about eligibility for deductions, the applicability of clubbing provisions and ownership of such investments.

Under the Income Tax Act, an individual can claim a deduction under Section 80C for the contributions made to a spouse's PPF account, subject to the overall annual lim...