Form 124: the rent agreement, and who the landlord is to you

The FAQ and the note print the same three pairs. This page does not drop either column.

The heading on both department pages is "Form No. 124 (Earlier Form No. 12BB)". The form itself is headed Form No. 124, see rule 205, and it cites section 392(5)(b). It does not reprint the 12BB number on that heading.

Rule 26C, on the host dated in the rule search, still says the employee furnishes Form No. 12BB to the person responsible for paying under section 192(1). That sentence is still on the site. This page does not rewrite it into Rule 205.

Question 1 on the FAQ: Form 124 is a statement the employee furnishes to the employer, for deductions, exemptions, and allowances, while the employer computes taxable salary and the TDS. The same answer says a salaried person who wants the employer to consider house rent allowance, leave travel allowance, deductions for investment or expenditure, or interest on a housing loan, must file the form with the supporting evidence.

Question 3 uses a shorter line. File it only if you want those claims considered while the employer estimates taxable income and computes TDS. The note's "who should file" line is "Employee to current Employer". Those three sentences stay side by side. This page does not pick "must" and drop "only if".

Question 6: you may submit it to the employer electronically or physically. It is not required to be uploaded separately on the Income-tax portal. The note says submit it at the earliest possible, so the tax can be worked out and deducted, and file it once every financial year. The FAQ does not print a date. The note does not print 31 March, or April, or a payroll cutoff.

The form has two parts. Part A is the employee: name, address, permanent account number, email, contact number, and the tax year. Note 1 asks for the first, middle, and last name in full, without abbreviations, for an individual. Part B is the claims, with the annexures in note 4. The declaration says the information given above is complete and correct, and it asks for the permanent account number again, the place, the date, and the employee's signature and name.

Row 1 of Part B is house rent allowance. The form prints six lines, and it says to repeat the row if you need to.

Line (v) is on the form for any relationship, and the words are "if any". The form does not say the line is only for a spouse, or only for a parent, or only above a rent figure. It does not say a rent payment to a spouse is allowed, and it does not say it is refused. The HRA page still has its own note on rent paid to a spouse. This page does not copy that note.

Question 4's supporting document for house rent allowance is a copy of the rent agreement. Note 4, annexure A-1, is the house rent agreement. The form does not print a rule that the agreement has to be in the employee's name. It does not print a rule that a spouse's name on the agreement is enough.

The permanent account number is not one sentence across the documents.

"Annual rent", "aggregate rent during the tax year", and "aggregate rent during the previous year" are three phrases. ₹1,00,000 and one lakh rupees are the figures those lines print. The FAQ leaves Aadhaar off unless the employer asks. The form still has an Aadhaar field on line (iv). Form 12BB pairs PAN or Aadhaar in one note. This page does not collapse those into a single rule.

How much of the HRA is exempt, and which cities use 50 percent, stay on the HRA page. Form 124 does not print the three limits.

The rest of Part B, and the documents in question 4, are short. The form does not rename these sections to the 1961 numbers.

Section 124 on that list is a deduction section. Form 124 is the form. They share a number. The form does not say they are the same thing.

Question 9 says the form can include declarations for children's education fees, as part of the investment declarations, and for medical reimbursements or health insurance benefits, if the organisation allows them. The answer stops there. It does not name a section, a rupee cap, or a regime. This page does not add them. Health insurance on the older pages stays on the Section 80D page.

Note 5 says amounts are in rupees unless the form says otherwise. The form does not print a worked salary.

Question 7: if the employee does not file any claim for tax benefits through Form 124, the employer will deduct TDS on salary income without allowing the benefit of any deduction or exemption.

Question 8: Form 124 is not required for the standard deduction. The standard deduction is allowed in every case. It does not need a separate declaration in Form 124 or in any other form. The FAQ does not print a rupee amount for that deduction. The salaried guide still prints the figures from the employees-benefits table. This page does not copy them, and it does not rewrite question 7 so that it already contains question 8.

Question 10: yes, you can submit Form 124 if you change jobs during the year. The same answer says you should also give the current employer the income and the TDS from the previous employer, via Form 122, so the TDS calculation is correct.

Form 122 is a different statement. It was Form 12B and Form 12BAA. Section 392(4)(a) is on that page, and so are the FAQ lines that say "required" and "not mandatory by law". Question 10's "should also" does not replace those lines. The detail stays on the Form 122 page. The first-month checklist that still says Form 12BB stays on the new-job page.