Income Tax · Clubbing

Clubbing of Income: Spouse, Minor Child and Asset Transfers

Finin2min Tax Desk·June 2026·7 min readSCHEDULE SPI

Income is usually taxed in the hands of the person who earns it, but clubbing provisions can shift another person’s income into your return. This commonly affects spouse transfers, minor child income and family investment structures.

Official concept

The official Schedule SPI page says the Income-tax Act contains provisions for clubbing income of another person with the taxpayer's income, such as when a minor child earns income or when a taxpayer transfers assets to a spouse.

Practical examples

SituationClubbing risk
Money gifted to spouse and investedIncome from transferred asset may need clubbing review.
Minor child earns interest/dividendMinor child's income may be clubbed subject to exemption.
Family loan without documentationCould create attribution and evidence issues.
Child’s skill incomeNeeds separate review; not every child-related receipt is treated the same.

Minor child limit

The official threshold page lists income of minor child clubbed under Section 64(1A) and refers to the Section 10(32) exemption of ₹1,500 per child or income of minor, whichever is lower.

Finin2min warning

Do not use family transfers as casual tax planning. Keep agreements, bank trail and tax treatment notes.
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Official sources used

This article is intentionally source-limited to official Income Tax Department / e-Filing material. Verify final positions with the latest Act, Rules, notifications, circulars and portal utilities before publishing.

FAQs

What is Schedule SPI?

It reports income of specified persons such as spouse or minor child that is includible in the taxpayer's income.

Is minor child income always clubbed?

Specific rules and exceptions apply; review Section 64 and Schedule SPI treatment.

What is the minor child exemption amount?

The official threshold page refers to ₹1,500 per child or income of minor, whichever is lower.