Salaried employees in these cities can get higher HRA exemption; disclosure of relationship with landlord a must as Tax Rules 2026 notified
New Income Tax Rules, 2026, offer higher HRA tax exemptions for salaried individuals in eight major cities, including Mumbai, Delhi, and Bengaluru. A key change requires disclosing relationships with landlords in Form 124, especially for family rentals, to ensure genuine transactions and enhance transparency for tax authorities.