Form Nos explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
An employee can give the employer two forms that change the tax deducted from salary: Form 122, with the details of other income and tax already deducted, and Form 124, with the evidence of claims such as house rent allowance. This article describes both as printed, as per the Income-tax Rules, 2026 (G.S.R. 198(E), notified on 20 March 2026), read with the amending notifications issued up to 22 September 2026. Later notifications should be checked. Form 123, the employer's statement of perquisites, has its own article.
Form 122 (rule 204(1)) lets the employee furnish other-employer salary, house property loss, other income and tax already deducted or collected, for the purposes of section 392(4)(a). Form 124 (rule 205) is the statement of claims, with annexures A-1 to A-4 as evidence, for section 392(5)(b). Both go to the person responsible for paying the salary and are signed by the employee.
The rules and the section
Under rule 204(1) the assessee may furnish, in Form 122 to the person responsible for the payment under section 392(1), four kinds of particular: salary due or received from any other employer in the tax year; any loss under the head "Income from house property"; any income under any other head, not being a loss (other than the house property loss); and any tax deducted or collected at source under Chapter XIX-B for the same year. Under rule 205(1) the assessee furnishes the evidence or particulars of claims in Form 124, for estimating income or computing the tax to be deducted. Rule 205(2) has a Table of four claims and the evidence for each: house rent allowance (name, address and PAN of the landlord where aggregate rent paid exceeds Rs. 100000, and the relationship), leave travel concession or assistance (evidence of expenditure), deduction of interest under the head "Income from house property" (name, address and PAN of the lender), and deduction under Chapter VIII (evidence of investment or expenditure). Our post on rules 204 and 205 covers the rules.
Section 392 of the Income-tax Act, 2025 is the section on tax deduction from salary: the payer deducts at the average rate on estimated income, takes into account the particulars the employee furnishes at his option, and obtains the evidence of prescribed claims. See section 392.
Employees with more than one employer or with house property losses often see differences between the tax deducted and the final liability; our income tax return filing team can help reconcile them.
Form 122: details of income
The printed title is "Form for furnishing details of income under section 392(4)(a) for the purposes of making deduction where income is chargeable under the head Salaries".
| Part | What it asks |
|---|---|
| Part A: Particulars of the employee | Rows 1 to 5: name, address, Permanent Account Number, residential status (resident, non-resident, or resident but not ordinarily resident, per Note 3) and tax year |
| Part B: income from other employers, for section 392(4)(a)(i) | One row per other employer: name, PAN and tax collection account number of the employer, period of employment; salary in three groups (total salary excluding amounts in columns 7 and 8; house rent allowance, conveyance allowance and other allowances to the extent chargeable to tax, by reference to the Schedule III rows and rule 279; value of perquisites and the accretion to the employee's provident fund account, detailed in the Annexure); the total of those three; the amount deducted for life insurance premium, provident fund contribution and similar items to which section 123 applies; and the total tax deducted during the year, with the certificate under section 395(4) enclosed |
| Part C: for section 392(4)(a)(iii), (iv) and (v) | Four tables: (1) loss under the head "Income from house property" (amount and details); (2) any other income chargeable under any other head (head, nature, amount received or credited, other details); (3) other tax deducted at source (section, name, address and tax deduction and collection account number of the deductor, tax deducted, amount of income, whether that income is already in table 2, other details); (4) tax collected at source (section, collector, address, account number, amount collected, other details) |
The employee signs under Part B and again under a Declaration that, as far as the employee knows and believes, what is stated is true. Notes: 1 name in full; 2 address elements; 3 residential status; 4 amounts in rupees.
The Annexure (referred to from column 8 of Part B) is headed "Particulars of value of perquisites and amount of accretion to employee's provident fund account". The Rules use a different term for several of its headings than the one used here: where a heading speaks of a benefit given at no cost to the employee, this article says "provided without charge" or "without rent". It has fourteen columns in two blocks:
- Columns 1 to 7: accommodation provided by the employer, with the value where unfurnished, the value as if unfurnished plus the furniture element (a stated percentage of the cost of furniture, or the actual hire charges), the total, the rent paid by the employee, and the resulting perquisite value. The heading refers to rule 15. The cost of furniture includes television sets, radio sets, refrigerators, other household appliances and air-conditioning equipment (footnote).
- Columns 8 to 14: conveyance facility provided without charge or at a concessional rate (or use of employer-owned or hired motor cars); remuneration paid by the employer for domestic or personal services; concessional passages on home leave and other travelling, to the extent chargeable (rule 278 read with Schedule III); other benefits or amenities provided without charge or at a concessional rate, such as gas, electricity or water, educational facilities and transport for family; the employer's contribution to a recognised provident fund in excess of 12 per cent of the employee's salary; interest credited to the assessee's account in a recognised provident fund in excess of the rate fixed by the Central Government; and the total of columns 7 to 13 carried to column 8 of Part B.
Form 124: claims and evidence
The printed title is "Statement showing particulars of claims by an employee for deduction of tax under section 392(5)(b)".
| Part | Rows | What it asks |
|---|---|---|
| Part A: Details of the employee | 1 to 6 | Name, address, PAN, e-mail identity, contact number, tax year |
| Part B: Details of claims and evidence thereof | 1 to 5 | Nature of claim and particulars (below) |
The five rows of Part B:
- House Rent Allowance: name of the landlord, address, PAN (Note 3), Aadhaar number, relationship with the landlord if any, and rent paid; the details are repeated for each landlord.
- Leave travel concessions or assistance.
- Deduction of interest on borrowing: name and address of the lender, PAN (of a financial institution, the employer or others, if available), and interest payable or paid; repeated as required.
- Deduction under Chapter VIII-A and B of the Act: by section, under sections 123 and 124 (with room to list the particular items under section 123), 130 and 131, and other sections (examples named in the print are 129, 133, 137 and 153) with a line for each section.
- Other details to be attached as annexure (Note 4).
Note 3 says the PAN of the landlord is to be furnished if the aggregate rent paid during the tax year exceeds one lakh rupees. Note 4 lists the annexures:
| Annexure | Particulars |
|---|---|
| A-1 | House rent agreement |
| A-2 | Documents in support of the claim of leave travel concessions or assistance |
| A-3 | Loan agreement |
| A-4 | Documents in support of the claim of deduction under Chapter VIII-A and B of the Act |
The employee certifies in a short Declaration that the information given is complete and correct, with place, date, signature and name. Note 5 says amounts are in rupees.
Need help with salary income and TDS reconciliation?
If you changed jobs mid-year, have a home loan or claim rent, getting these two forms right with your employer avoids over- or under-deduction. Our income tax return filing specialists can walk through the numbers with you before the year ends.
Key takeaways
- Form 122 reports other-employer salary, house property loss, other income and tax already deducted or collected.
- Form 124 reports claims with evidence: rent, leave travel, interest on borrowing and Chapter VIII deductions.
- The landlord's PAN is required where aggregate rent in the year exceeds one lakh rupees.
- Annexures A-1 to A-4 support the claims in Form 124.
- Both forms are signed by the employee; Form 122 carries a declaration and Form 124 a certificate.
Read next
- Form 123: statement of perquisites and profits in lieu of salary
- Form 130: certificate of tax deducted on salary
- Rules 204 and 205: salary TDS particulars
- Section 392 of the Income-tax Act, 2025: TDS on salary
Disclaimer: Based on the Income-tax Rules, 2026 (G.S.R. 198(E), notified on 20 March 2026), read with the amending notifications issued up to 22 September 2026, as consulted on 2 October 2026. It explains the words of the rules and forms only; later notifications, the forms and utilities on the e-filing portal, circulars and the way the tax authorities apply these provisions should be checked. This article is general information, not legal advice; check the official text before acting.