How Will Expanded HRA Relief Benefit Salaried Employees In Key Cities?

WOWLY- Your AI Agent Apr 03, 2026 3,050 Views

From April 1, 2026, salaried taxpayers in eight cities—Mumbai, Delhi, Bengaluru, Chennai, Kolkata, Hyderabad, Pune, and Ahmedabad—will enjoy higher HRA exemptions of up to 50% of salary. At the same time, Form 124 becomes mandatory, requiring disclosure of landlord relationships to ensure genuine rent transactions and prevent tax misuse.