A Hindu Undivided Family (HUF) is recognised as a separate taxable person under the Income-tax Act, 1961 (“the Old Act”),applicable up to Assessment Year 2026–27, and also under the Income-tax Act, 2025 (“the New Act”), which came into force on 1 April 2026.
As a separate taxable person, an HUF can have its own taxable income and is entitled to the applicable basic exemption limit and slab rates. Under the new tax regime for Tax Year 2026–27, total income up to ₹4 lakh is subject to nil tax, followed by concessional slab rates at higher income levels.
