https://www.taxtmi.com/news?id=72082 Form No. 124 is the employee statement furnished to an employer for consideration of deductions, exemptions, allowances, and other tax benefits while computing taxable salary and TDS liability. It applies where the employee seeks employer recognition of claims relating to house rent allowance, leave travel allowance, interest on housing loan, and investment- or expenditure-based deductions, together with supporting evidence. The form has Part A for employee particulars and Part B for the tax benefits claimed with annexures in support of those claims. en-us Wed, 01 Apr 2026 18:23:24 +0530 Wed, 01 Apr 2026 18:23:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72082 Form No. 124 is the employee statement furnished to an employer for consideration of deductions, exemptions, allowances, and other tax benefits while computing taxable salary and TDS liability. It applies where the employee seeks employer recognition of claims relating to house rent allowance, leave travel allowance, interest on housing loan, and investment- or expenditure-based deductions, together with supporting evidence. The form has Part A for employee particulars and Part B for the tax benefits claimed with annexures in support of those claims. News - Wed, 01 Apr 2026 18:23:24 +0530 https://www.taxtmi.com/news?id=72082