I am a Tax Consultant. I have Completed My MBA & CFP ( Certified Financial Planning ( US Standard)) in the year 2008, I priory worked at Pentasoft Technologies after which I have started my own Consultancy Firm called " PENTA CONSULTANCY SERVICES".
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.
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.
