Free tool · Salary and tax
Form 124 Generator (old Form 12BB)
Fill your HRA, LTC, home loan and deduction claims and print Form 124
- Free
- No signup
- Indian rules
How your figures add up
Total rent = ₹0. This is not more than ₹1,00,000, so the landlord’s PAN is not required by the form.
Interest on borrowing = ₹0.
Section 123 total = ₹0 (limit ₹1,50,000).
All Chapter VIII claims entered = ₹0.
Good to know
- Give the form to your employer with the proof (rent agreement, travel documents, loan agreement, investment proofs). You do not upload it on the income tax portal.
- In the new tax regime (section 202 of the Act), Chapter VIII deductions are not allowed except sections 124(1), 124(2), 125(2) and 146. Check with your employer which regime your TDS uses.
- Nothing you type is uploaded or saved. It stays in this browser tab.
FORM NO. 124
[See rule 205]
Statement showing particulars of claims by an employee for deduction of tax under section 392(5)(b)
| Part A: Details of the employee | ||
|---|---|---|
| 1. | Name of the employee (refer Note 1) | |
| 2. | Address (refer Note 2) | India |
| 3. | Permanent Account Number | |
| 4. | Email id | |
| 5. | Contact number | Country Code+91Number |
| 6. | Tax Year | 2026-27 |
| Part B: Details of claims and evidence thereof | ||
|---|---|---|
| Nature of claim | Particulars | |
| 1. | House Rent Allowance: | |
| (i) Name of the landlord | ||
| (ii) Address | ||
| (iii) Permanent Account Number (refer Note 3) | ||
| (iv) Aadhaar Number | ||
| (v) Relationship with the landlord, if any | ||
| (vi) Rent paid to the landlord | ||
| (repeat details of Row No. 1 if required) | ||
| 2. | Leave travel concessions or assistance | |
| 3. | Deduction of interest on borrowing: | |
| (i) Name of the lender | ||
| (ii) Address | ||
| (iii) Permanent Account Number of | ||
| (a) Financial Institutions (if available) or | ||
| (b) Employer (if available) or | ||
| (c) Others | ||
| (iv) Interest payable/paid to the lender | ||
| (repeat details of Row No. 3 if required) | ||
| 4. | Deduction under Chapter VIII-A & B of the Act | |
| (i) Section 123 and 124 | ||
| (a) Section 123 | ||
| A. ………………….. | ||
| B. ………………….. | ||
| C. ………………….. | ||
| (b) Section 124 | ||
| (c) Section 130 | ||
| (d) Section 131 | ||
| (e) Other sections (e.g. 129, 133, 137, 153, etc.) under Chapter VIII- A & B of the Act | ||
| (a) Section …. | ||
| (b) Section …. | ||
| (c) Section …. | ||
| 5. | Other details to be attached as annexure | (refer Note 4) |
DECLARATION
I, ………………….., having Permanent Account Number ……………. do hereby certify that the information given above is complete and correct.
Place:
Signature of the employee:………………
Date: 26/10/2026
Name: …………………
Notes:
- 1. In case of individual, the first, middle and last name shall be provided in full without any abbreviations.
- 2. The address shall contain i. Country/Region, ii. Flat/Door/Block number iii. Road/Street/Block/Sector, iv. PIN/ZIP Code, v. Post Office, vi. Area/locality, vii. District, viii. State.
- 3. Permanent Account Number shall be furnished if the aggregate rent paid during the Tax Year exceeds one Lakh rupees.
- 4. The following details shall be provided as annexures, namely:
Annexure Particulars A-1 House rent agreement A-2 Documents in support of claim of Leave travel concessions or assistance A-3 Loan agreement A-4 Documents in support of claim of deduction under Chapter VIII-A and B of the Act - 5. Amounts to be filled in ₹ unless otherwise provided.
How it works
What this tool does.
Form 12BB is now Form 124. Fill the official Form 124 for tax year 2026-27 onwards, or Form 12BB for FY 2025-26, with a live preview and a print or PDF option. Free, and nothing is uploaded.
Form 12BB has been renamed. From tax year 2026-27 the statement an employee gives the employer to claim HRA, leave travel, home loan interest and other deductions is Form No. 124, under section 392(5)(b) of the Income-tax Act, 2025 and rule 205 of the Income-tax Rules, 2026. Pick the year, enter your details, each landlord (name, address, PAN, Aadhaar, relationship and rent), your leave travel claim, each lender and the interest, and your Chapter VIII deductions. The preview follows the row order and wording of the official form, with the declaration and notes. The tool adds up the rent and warns you when the landlord PAN is needed. For FY 2025-26 claims it fills the old Form 12BB under rule 26C of the 1962 rules instead. Print it or save it as a PDF and give it to your employer with your proofs.
Rules and dates last reviewed: October 2026
Form 124 Generator (old Form 12BB) formula
Landlord PAN needed when total rent paid in the tax year > ₹1,00,000 (Note 3, Form 124). Section 123 claims are allowed up to ₹1,50,000 in total.
Worked example
Priya pays her father ₹18,000 a month as rent for tax year 2026-27 and pays ₹1,20,000 in LIC premium and ₹50,000 in PPF.
- Total rent = ₹18,000 × 12 = ₹2,16,000
- ₹2,16,000 is more than ₹1,00,000, so her father’s PAN must be given in row 1(iii)
- Row 1(v), relationship with the landlord: Father
- Section 123 total = ₹1,20,000 + ₹50,000 = ₹1,70,000, above the ₹1,50,000 limit
Priya fills Form 124 with her father’s PAN and the relationship, lists both Section 123 items, and expects only ₹1,50,000 of them to be allowed.
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Questions
Form 124 Generator (old Form 12BB), answered.
Something else? Message us on WhatsApp at +91 82001 72869 or write to sales@getsleet.cloud.
What is Form 124 in income tax?
Form 124 is the statement an employee gives the employer with claims such as HRA, leave travel, home loan interest and deductions, so that TDS on salary is worked out correctly. It is under section 392(5)(b) of the Income-tax Act, 2025 read with rule 205 of the Income-tax Rules, 2026. It replaced Form 12BB.
Is Form 12BB still used?
Only for FY 2025-26 and earlier. Form 12BB was under rule 26C of the Income-tax Rules, 1962 and section 192 of the Income-tax Act, 1961. The Income-tax Act, 2025 came into force on 1 April 2026, so from tax year 2026-27 you give your employer Form 124.
When do I have to give my landlord’s PAN?
When the total rent you pay in the tax year is more than ₹1,00,000 (Note 3 of Form 124). The Income Tax Department’s FAQ says the landlord’s Aadhaar is not mandatory unless your employer asks for it. Form 124 also asks for your relationship with the landlord, if any.
Do I upload Form 124 on the income tax portal?
No. You give it to your employer, on paper or electronically. It does not have to be uploaded on the income tax portal.
What documents go with Form 124?
Note 4 of the form lists the annexures: A-1 house rent agreement, A-2 documents for the leave travel claim, A-3 loan agreement, and A-4 documents for deductions under Chapter VIII-A and B of the Act.
What happens if I do not submit Form 124?
Your employer will deduct TDS on your salary without giving you the benefit of any deduction or exemption. You do not need the form for the standard deduction, which is allowed in every case.
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