Tax & Finance

Income-tax and salary-proof updates already explained on Gauritanaya, including Form 124. Each note links the official page and the related tool.

1 April 2026Tax & FinanceLive

Form 12BB is now Form 124

From 1 April 2026, Form 12BB is Form 124 under the Income-tax Act, 2025. A salaried employee gives it to the employer for HRA, LTA, home-loan interest and deductions. It is not uploaded on the income-tax portal. Landlord PAN is needed if rent in the tax year is more than ₹1,00,000.

New Act and Form 124 apply from 1 April 2026

Income Tax Department: Form 124 FAQ

Rent receipt generator Form 12BB is now Form 124: HRA, rent receipts and proof season