Today I am discussing on above topic how you can save the tax by just creating a HUF

As per the Income tax law, HUF can help in saving a tax on interest income by Creating a HUF
entity

So how it will save the tax as per the new regime discussing below

Let’s analyse the new regime how much the tax will be saved just by transferring interest
income to HUF

Example- Suppose a “X” person earning interest income of 15 Lacs in his file but the
department took away the Tax of 4.68 lac on it by assuming the person fall in 30 percent tax
slab plus cess

Now if a person transfers this income to his HUF, then he needs to pay a tax of Just Rs 1.56
lac/- by assuming person earning 15 lacs as an interest income

As per the new tax regime slab below

[table id=1 /]

So why not save the tax in simple way