This discussion addresses whether a Hindu Undivided Family (HUF) with an approximate income of ₹9,50,000 solely from interest on an unsecured loan will be subject to tax. The answer provided is affirmative, indicating that tax will indeed be payable under the new tax regime for the financial year 2025-26 (assessment year 2026-27).
01 April 2025
If the HUF client has an income of approximately ₹9,50,000 from interest on an unsecured loan, will it be liable to pay any tax under the new tax scheme for FY 2025-26 (AY 2026-27)?