Income tax 2012-13

If HUF is under the tax rates which are applicable for an individual, then if the Karta of the HUF is a senior citizen, will the tax slab to be followed is of senior citizens??? i.e upto 2,40,000 exemption......

 

Please, I need an advice in this regard

 

Thank you 

Replies (7)

Clearly mentioned in Act that slab rates applicable for Rates which are applicable for Individul (Age below 60 years )

 

There is no special rates for HUF and there is difference in treatment of assesable income for HUF and Individual

Tax Rate applicable for HUF is same as applicable to non senior male Citizen and for A.Y. 2012-13, following Tax slab are applicable :

       Upto Rs.180000 : Nil

       Rs.180001 to Rs.500000 : 10%

       Rs.500001 to Rs.800000 :20%

       Above Rs.800000 :30%

HUF is a seperately identity for tax purpose. So normal slaps apply no SC slab.

Dear there is no any relation of HUF with KARTA, hence the normal slab rate will be apply i.e. Rs  180000

yes there are normal slab are applicable to HUF's karta bcoz HUF and karta are seperate from each others.

All the aforesaid answers are correct as far as taxability of income HUF is concerned. Just want to mention that the basic exemption limit for senior citizen has been increased to Rs. 2.50 lacs from 2.40 lacs w.e.f A. Y 2012-13.

Yep no extra benefit will be given if the karta is Sr. citizen.. Normal rates will be applied irrespective of age of karta

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details