Discover HUF (Hindu Undivided Family) for tax savings and wealth management. Learn its benefits, creation process, and how to open a HUF demat account with Groww. HUF stands for Hindu Undivided Family, a collective family unit formed for tax-saving purposes by aggregating or pooling assets. Explore the meaning and income tax slabs and rates for AY 2025-26. I Am : Individual Firm LLP AOP/BOI Domestic Company Foreign Company Non-Resident Trust Tax Deductor Tax Collector HUF stands for Hindu Undivided Family, a legal entity for tax purposes in India. Find out how to apply for PAN, file return, pay tax, view refund, and more for HUF .