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My husband is a doctor who relocated to India this year with an income of 24,00,000 per annum. His TDS deduction is 10percent per month from salary. 1) He has invested 1.5 lakhs in PPF, one under his name and one under my(wife) name each. Please suggest what amount of tax exemption will he get from this investment. If the tax assessed for the year 2015-2016 is 5,45,000 for instance, is 3 lakhs directly deducted from that tax payable(5,45,000) as there are two PPF accounts, one under my husband's name and another under my name, paying 1.5lakhs each, if I do not claim any exemptions. 2) If my husband gifts me a car, can we claim tax exemption on that? If yes, please suggest the procedure. 3)If we submit rent receipts, what percent of tax is exempted? For instance, if we are paying 16,000 per month plus maintenance, and if we submit those rent receipts, what amount of tax payable is exempted? 4)If we take a car loan, what amount of tax payable is exempted? Also suggest for home loan please. Thank u in advance.