u/Dreamykk2

Me and wife (both 29) Earn 1.95L pm.
1L for my wife she is salaried.
95k for me, I own a company and take 95k per month salary as a CEO.
now the issue is my wife usually gets around 3L bonus every year before this years increment her entire salary and bonus would be shy of 12L keeping her in the lower bracket. Now her salary has increased to 1L Pm without bonus.

We were thinking of taking the bonus in one of our old private limited company account (both me and her are director's) we will invoice the company for consultancy fee for the exact amount of bonus. We will then form an HUF to limit our tax liabilities. To me this seems way too easy, What are we missing?