The HUF income tax bracket is the same as that of a person, with an exemption ceiling of Rs 2.5 lakh, and it is eligible for all tax incentives under Sections 80C, 80D, 80G, and so on. It also benefits from capital gains exemptions under Sections 54 and 54F.
As soon as the new HUF PAN card is issued, the family may begin paying their taxes on their own. The HUF may then begin filing ITRs with the new PAN card. If the yearly family income exceeds the limit, the family will be taxed at 10%, 20%, and 30% of the income in the slab, respectively.