When a husband gives money to his wife what do we say?

When a husband gives money to his wife what do we say?

Originally Answered: What do we call the money a husband gives to his wife? Divorce: Alimony.

Do I need to give money to my wife?

You will have to pay full tax on your income because gifting of money, out of your income, is treated as application of income. Since a spouse is covered within the category of relatives and therefore gift transactions between spouses do not have any tax implications for the recipient.

How much money do you need to support a wife?

The most common minimum annual income required to sponsor a spouse or family member for a green card is $21,775.

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How much money can a husband give his wife tax free?

Gifts up to Rs 50,000 per annum are exempt from tax in India. In addition, gifts from specific relatives like parents, spouse and siblings are also exempt from tax.

How much money should I have before I get married?

The rule of thumb is to have roughly the equivalent of your annual salary in savings by then, experts say. If you earn $50,000 a year, for example, you should aim to have $50,000 put away.

Can I pay salary to my wife?

Thus, it is very clear that if the husband makes payment of commission or salary, etc. to his wife from his proprietary concern or a partnership firm or a corporate entity, then such payment of either a salary or commission paid to the wife would not be treated as the income of the wife because the same would be …

How much should you spend on gifts for your spouse?

Each spouse should get an equal amount of discretionary money to use for anything from gifts to going out to lunch to getting a new gadget, says Mary Gresham, a financial psychologist who practices in Atlanta. So, when the higher-earning spouse takes more than half of the disposable income, it can be a sign of a control issue, she says.

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Should I give my Wife pocket money every month?

Firstly, please start treating your wife as “WIFE” not as a child. Secondly, in my opinion you should give her access to your account rather you deciding on a fixed amount to be given as “pocket money” every month to her. She is a very integral and important part of your life, please treat her as equal and as important like your MONEY.

How do you ask your wife to share half of her salary?

If wife is feminist: “We share half. You do half of housework, and give me half of salary.” If husband is (male) feminist: Women were oppressed for centuries. Let me hand over my full salary to her, and let her allow me some pocket money.

Can a husband prevent his wife from making too much money?

Tries to curtail your earning power. The flip side: Some spouses, often husbands with more traditional views, try to prevent their wives from making too much money, says Klontz, who has done research on women who make more than their husbands. So, for example, a husband might discourage his wife from starting a business or going to law school.