Find
A resident pensioner with pension, interest and up to two houses, with income up to ₹50 lakh, can use ITR-1. Pension is taxed as salary and family pension as other income.
ITR
Pensioner choosing the ITR form
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Provisions
Rule 12, Income-tax Rules 1962 (now Rule 164, Income-tax Rules 2026); Sec 16, Income-tax Act 1961 (now Sec 19, Income-tax Act 2025)
Analysis
Claim the standard deduction on pension. Under the old regime, senior citizens can claim deduction on deposit interest under Sec 80TTB. If you are 75 or above with only pension and interest from one specified bank, you may not need to file at all. Check eligibility.
Close
- Get Form 16 from the pension bank.
- Get interest certificates.
- Use ITR-1 if eligible.
- Claim standard deduction and eligible deductions.
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