Over 8.75 lakh HUFs claimed Rs 3,803 crore tax deductions in 2022-23: Finance Ministry
Minister of State for Finance Pankaj Chaudhary in a reply to the Rajya Sabha provided details of the number of Hindu Undivided Families (HUF) availing tax benefits (in the form of deduction under Chapter VIA of the Income-tax Act) during the last five years.
According to the minister, in fiscal 2022-23 fiscal, 8,75,948 HUFs claimed deductions of Rs 3,802.86 crore. As many as 8,77,303 HUFs claimed deductions worth Rs 3,745.51 crore in 2021-22. (Image Credit:Reuters/file)