The draft Income Tax Rules 2026 propose expanding the 50% HRA exemption limit to Bengaluru, Hyderabad, Pune, and Ahmedabad.
House Rent Allowance claims under the old tax regime now require salaried individuals to disclose landlord relationships in Form 124 for rents over ₹1 lakh.
Salaried employees claiming HRA may soon face tighter disclosure norms under the Draft Income-tax Rules, 2026. The CBDT has proposed that tenants must now disclose their relationship with the landlord ...
New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may ...
New disclosure mandates and stricter documentation will require taxpayers to prove that rent paid to family members is a ...
As India prepares to roll out the new Income-tax Act and Draft Income-tax Rules from April 1, 2026, experts say the changes ...
The draft rules make it mandatory to disclose the relationship with the landlord for claiming the HRA benefit.
The Indian income tax framework has introduced a significant compliance requirement under the revised Rule 205, mandating that salaried employees disclose their relationship with landlords when ...
Currently, you only declare the rent amount paid. Under the new rules, you must also state if the landlord is a relative.
As per the existing income tax rules, salaried employees in only four metro cities of Delhi, Mumbai, Kolkata and Chennai are ...
Currently, salaried employees residing in Mumbai, Delhi, Kolkata and Chennai can claim HRA exemption of up to 50% of salary under the old tax regime. For other cities, the limit is capped at 40%. The ...
In a move to curb the misuse of House Rent Allowance (HRA), the Draft Income-tax Rules, 2026 have proposed a new compliance requirement for salaried employees.