Answer

1. F

   Facts

   Pension from a former employer is taxed as salary and gets the standard deduction. FD and savings interest go under other sources. Family pension received after a spouse's death is taxed under other sources with its own deduction.

2. P

   Provisions and law

   • Sec 16, Income-tax Act 1961 (now Sec 19)Standard deduction from salary or pension: ₹75,000 under the new regime and ₹50,000 under the old regime.
   • Sec 80TTB, Income-tax Act 1961 (now Sec 153)Senior citizens get up to ₹50,000 deduction on deposit interest under the old regime.
3. A

   Analysis

   A pension of ₹6,00,000 and FD interest of ₹1,20,000 under the new regime gives taxable income of ₹6,45,000, with nil tax after rebate. Under the old regime, a senior could also claim 80TTB up to ₹50,000. Compare both before choosing.

4. C

   Conclusion

   1. 1Get the pension Form 16 from the bank or office.
   2. 2Collect interest certificates.
   3. 3Compute tax under both regimes.
   4. 4File ITR-1 with pension as salary.
   5. 5E-verify and keep the acknowledgement.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.