Income Tax

What is Hindu Undivided Family (HUF)

A Hindu Undivided Family (HUF) is a unique way to manage income and reduce tax legally under Indian law. It’s treated as a separate taxable entity and offers several benefits such as income splitting, independent deductions, and capital gains exemptions. Learn how to form an HUF, its members, tax slabs, and ways to save tax for FY 2025-26.