98% of taxpayers are missing out on one of the most powerful tax-saving tools in India, the Hindu Undivided Family (HUF). You reveal that setting up an HUF could save individuals up to ₹1.5 lakh in taxes annually, but despite its benefits, this opportunity remains largely overlooked. The article explains how HUFs work, the potential tax exemptions they offer, and how they can be a game-changer for efficient tax planning. It also highlights common misconceptions and the simple steps involved in establishing an HUF. This piece serves as an eye-opener for anyone looking to optimize their tax savings through a legally sound, yet underutilized, strategy.

~Navneet Shukla