Form 12BB (Now Form 124): Investment Declaration to Your Employer for Correct Salary TDS (2026)
Form 12BB is now Form 124. What salaried employees declare to their employer, when proofs are due, and what happens if you skip it.
HRA exemption
HRA Exemption Calculation (2026): Formula, 8 Metro Cities & Old-Regime Rules
HRA exemption is the smallest of three amounts — HRA received, rent minus 10% of salary, and 50% or 40% of salary by city. Worked examples, the 8-city list from FY 2026-27, and old-regime rules explained simply.
HRA Exemption: How to Calculate HRA Deduction, Rent to Parents Rules & the New 8-City List (2026)
HRA exemption = lowest of HRA received, rent minus 10% of salary, or 50%/40% of salary. Old regime only. Formula, worked example, rent-to-parents rules, PAN limit and the new 8-city list from FY 2026-27.