Salaried individuals claiming HRA under the old tax regime must disclose their relationship with landlords in Form 124 if rent exceeds ₹1 lakh, per Draft Income Tax Rules, 2026.
Isaac K Xavier
IKFINSERVICES was incorporated on 28th April 2000 in Life Insurance Business at Hongasandra, Bangalore. Post realizing the diverse financial requirements of our customers we introduced more services in our business spectrum. We also continuously strive to empower our customers by sharing knowledge and providing support at a zero cost. There are multiple testimonials satisfied customers to our credit.
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BUILD TRUST AND HONEST RELATIONS THROUGH COMMUNICATION
FUND UNDER MANAGEMENT
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The draft Income-tax Rules, 2026 signal a calibrated overhaul of India’s tax compliance framework — raising thresholds for routine banking and property transactions, revising salary perquisite valuations, and expanding exemptions for families, while simultaneously tightening digital scrutiny and foreign income reporting norms.
Greeting Of The Day
Testimonial
I never spend time worrying about planning and settling my personal savings and investments since I started consulting with Xavier sir. Thank you for guiding and assisting me in my financial decisions.
I am extremely happy and delighted at the Prompt, Efficient and transparent services rendered by Mr Isaac for my Insurance and Investments. The notable aspect of his support is the early alerts I receive so that
sufficient funds are made available to meet the requirements.