Returns and Forms Applicable for Hindu Undivided Family (HUF) for AY 2025-26
Disclaimer: The content on this page is only to give an overview and general guidance and is not exhaustive. For complete details and guidelines please refer Income Tax Act, Rules and Notifications.
1. ITR-2 - Applicable for Individual (Not eligible for ITR 1) and HUF |
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This return is applicable for Individual and Hindu Undivided Family (HUF)
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2. ITR-3 - Applicable for Individual and HUF |
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This return is applicable for Individual and Hindu Undivided Family (HUF)
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3. ITR-4 (SUGAM) - Applicable for Individual, HUF and Firm (other than LLP) |
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This return is applicable for an Individual or Hindu Undivided Family (HUF), who is Resident other than Not Ordinarily Resident or a Firm (other than LLP) which is a Resident having Total Income up to ₹ 50 lakh and having income from Business or Profession which is computed on a presumptive basis (u/s 44AD / 44ADA / 44AE) and income from any of the following sources:
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Forms Applicable
1. Form 16A – Certificate u/s 203 of the Income Tax Act, 1961 for TDS on Income other than Salary |
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2. |
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Note: Information regarding (Advance Tax/SAT, Details of refund, SFT Transaction, TDS u/s 194 IA,194 IB,194M, TDS defaults) which were available in 26AS are now available in AIS
3. Form 15G - Declaration by resident taxpayer (not being a Company or Firm) claiming certain receipts without deduction of tax |
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4. Form 67- Statement of Income from a country or specified territory outside India and Foreign Tax Credit |
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5. Form 3CB-3CD |
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6. Form 3CEB |
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Tax Slabs for AY 2025-26***
- The Finance Act 2024 has amended the provisions of Section 115BAC w.e.f AY 2024-25 to make new tax regime the default tax regime for the assessee being an Individual, HUF, AOP (not being co-operative societies), BOI or Artificial Juridical Person. However, the eligible taxpayers have the option to opt out of new tax regime and choose to be taxed under old tax regime. The old tax regime refers to the system of income tax calculation and slabs that existed before the introduction of the new tax regime. In the old tax regime, taxpayers have the option to claim various tax deductions and exemptions.
- In "non-business cases", option to choose the regime can be exercised every year directly in the ITR to be filed on or before the due date specified under section 139(1).
- In case of eligible taxpayers having income from business and profession, new tax regime is default regime. If assessee wants to opt out of new tax regime, they can furnish Form-10-IEA on or before the due date u/s 139(1) for furnishing the return of income. Also, for the purpose of withdrawal of such option i.e. opting out of old tax regime shall also be done by way of furnishing Form No.10-IEA. However, option to switch to old tax regime and withdraw the option in any subsequent AY is available only once in lifetime for eligible taxpayers having income from business and profession.
- Tax rates for HUFs (resident or non-resident) during the previous year are as under:
Old Tax Regime |
New Tax Regime u/s 115BAC |
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Income Tax Slab |
Income Tax Rate |
*Surcharge |
Income Tax Slab |
Income Tax Rate |
*Surcharge |
Up to ₹ 2,50,000 |
Nil |
Nil |
Up to ₹ 3,00,000 |
Nil |
Nil |
₹ 2,50,001 - ₹ 5,00,000** |
5% above ₹ 2,50,000 |
Nil |
₹ 3,00,001 - ₹ 7,00,000** |
5% above ₹ 3,00,000 |
Nil |
₹ 5,00,001 - ₹ 10,00,000 |
₹ 12,500 + 20% above ₹ 5,00,000 |
Nil |
₹ 7,00,001 - ₹ 10,00,000 |
₹ 20,000 + 10% above ₹ 7,00,000 |
Nil |
₹ 10,00,001- ₹ 50,00,000 |
₹ 1,12,500 + 30% above ₹ 10,00,000 |
Nil |
₹ 10,00,001 - ₹ 12,00,000 |
₹ 50,000 + 15% above ₹ 10,00,000 |
Nil |
₹ 50,00,001- ₹ 100,00,000 |
₹ 1,12,500 + 30% above ₹ 10,00,000 |
10% |
₹ 12,00,001 - ₹ 15,00,000 |
₹ 80,000 + 20% above ₹ 12,00,000 |
Nil |
₹ 100,00,001- ₹ 200,00,000 |
₹ 1,12,500 + 30% above ₹ 10,00,000 |
15% |
₹ 15,00,001- ₹ 50,00,000 |
₹ 1,40,000 + 30% above ₹ 15,00,000 |
Nil |
₹ 200,00,001- ₹ 500,00,000 |
₹ 1,12,500 + 30% above ₹ 10,00,000 |
25% |
₹ 50,00,001- ₹ 100,00,000 |
₹ 1,40,000 + 30% above ₹ 15,00,000 |
10% |
Above ₹ 500,00,000 |
₹ 1,12,500 + 30% above ₹ 10,00,000 |
37% |
₹ 100,00,001- ₹ 200,00,000 |
₹ 1,40,000 + 30% above ₹ 15,00,000 |
15% |
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Above ₹ ₹ 200,00,001 |
₹ 1,40,000 + 30% above ₹ 15,00,000 |
25% |
*Note: The enhanced surcharge of 25% & 37%, as the case may be, is not levied, from income chargeable to tax under sections 111A, 112, 112A and Dividend Income. Hence, the maximum rate of surcharge on tax payable on such incomes shall be 15%, except when the income is taxable under section 115A, 115AB, 115AC, 115ACA and 115E.
**Rebate u/s 87A: Resident Individuals are also eligible for a Rebate of up to 100% of income tax subject to a maximum limit depending on tax regimes as under:
Total Income |
Old Tax Regime |
New Tax Regime |
Rebate under Section 87A Applicable |
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Up to Rs. 5 Lakh |
Tax rebate up to Rs.12,500 is applicable for resident individuals if the total income does not exceed Rs 5,00,000 (not applicable for NRIs |
Tax rebate up to Rs.25,000 is applicable for resident individuals if the total income does not exceed Rs 7,00,000 (not applicable for NRIs |
From 5 Lakhs to 7 Lakhs |
NIL |
***Note: Health & Education cess @ 4% to be paid on the amount of income tax plus Surcharge (if any) in both the regimes.
Marginal relief can be claimed from surcharge if the amount of income earned exceeding ₹ 50 lakhs, ₹ 1 crore, ₹ 2 crore or ₹ 5 crores respectively as under:
Net Income Range |
Marginal Relief |
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Exceeds (Rs.) |
Does not exceed (Rs.)
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50 Lakh |
1 Crore |
Amount payable as income tax and surcharge shall not exceed the total amount payable as income tax on total income of Rs 50 Lakh by more than the amount of income that exceeds Rs 50 Lakhs |
1 Crore |
2 Crore |
Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore |
2 Crore |
5 Crore |
Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 2 crore by more than the amount of income that exceeds Rs. 2 crore |
5 Crore |
– |
Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 5 crore by more than the amount of income that exceeds Rs. 5 crore. |
Investments / Payments / Incomes on which a taxpayer can get tax benefit
Following deductions will be available to a taxpayer opting for the New Tax Regime u/s 115BAC:
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- Section 24(b) – Deduction from Income from House Property on interest paid on housing loan:
Nature of Property |
Purpose of loan |
Allowable (Maximum limit) |
Let Out |
Construction or purchase of house property |
Actual value without any limit |
Tax deductions specified under Chapter VI-A of the Income Tax Act
Chapter VI-A deductions will not be available to a HUF taxpayer opting for the New Tax Regime u/s 115 BAC.
Tax deductions in the Old Tax Regime
- Section 24(b) – Deduction from Income from House Property on interest paid on housing loan & housing improvement loan. In case of self- occupied property, the upper limit for deduction of interest paid on housing loan is ₹ 2 lakh. Interest on loan u/s 24(b) allowable is tabulated below:
Nature of Property |
When loan was taken |
Purpose of loan |
Allowable (Maximum limit) |
Self-Occupied |
On or after 1/04/1999 |
Construction or purchase of house property |
₹ 2,00,000 |
On or after 1/04/1999 |
For Repairs of house property |
₹ 30,000 |
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Before 1/04/1999 |
Construction or purchase of house property |
₹ 30,000 |
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Before 1/04/1999 |
For Repairs of house property |
₹ 30,000 |
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Let Out |
Any time |
Construction or purchase of house property |
Actual value without any limit |
Tax deductions specified under Chapter VIA of the Income Tax Act
80C |
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Deduction towards payments made to
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80D |
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Deduction towards payments made to Health Insurance Premium & Preventive Health check up
Deduction towards medical expenditure incurred on a Senior Citizen, if no premium is paid on health insurance coverage
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80DD |
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Deduction towards payments made towards Maintenance or Medical Treatment of a Disabled dependent or paid / Deposited any amount under relevant approved scheme. |
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Note: If you are claiming deduction u/s 80DD, it is recommended to file form 10-IA also before filing of return. Form 10IA can be filed later also however it is recommended to file form 10-IA along with return of income to avoid any inconvenience later.
80DDB |
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Deduction towards payments made towards Medical Treatment of Self or dependant for specified disease. |
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80G |
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Deduction towards donations made to prescribed Funds, Charitable Institutions, etc. Donation are eligible for deduction under the below categories
Note: No deduction shall be allowed under this Section in respect of donation made in cash exceeding ₹ 2,000/- |
80GGA |
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Deduction towards donations made for Scientific Research or Rural Development Donation are eligible for deduction under the below categories:
Note: No deduction shall be allowed under this Section in respect of donation made in cash exceeding ₹ 2,000/- |
80GGC |
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Deduction towards donations made to Political Party or Electoral Trust |
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80TTA |
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Deduction on interest received on saving bank accounts by Non-Senior Citizens |
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