Salaried individuals claiming HRA under the old tax regime must disclose their relationship with landlords in Form 124 if rent exceeds ₹1 lakh, per Draft Income Tax Rules, 2026.
.jpg)
I am Vasantha Kumari.N founder of VK Investment Services. Over the last 10 years, we have helped numerous individuals ranging from Businessmen to Students, Salaried and Retire people in planning for a happy Retirement, Planning for Child's Education/Marriage as well as financial protection against any unforeseen events etc.
Read MoreSalaried individuals claiming HRA under the old tax regime must disclose their relationship with landlords in Form 124 if rent exceeds ₹1 lakh, per Draft Income Tax Rules, 2026.
The draft Income-tax Rules, 2026 signal a calibrated overhaul of India’s tax compliance framework — raising thresholds for routine banking and property transactions, revising salary perquisite valuations, and expanding exemptions for families, while simultaneously tightening digital scrutiny and foreign income reporting norms.