TaxSavvy

For retirees

Your FD's TDS can come back in full.

Banks cut TDS on interest. If your income is under the tax line, file and get it back.

  • ₹12.75 lakh

    of your own pension a year with ₹0 tax

    ₹12 lakh rebate line plus ₹75,000 standard deduction, if pension is your only income. New regime. Family pension has a smaller deduction. [1][2][3]

  • ₹50,000

    TDS refund on FD interest

    ₹6 lakh pension and ₹5 lakh interest: bank cuts 10% (₹50,000), tax due ₹0. Form 121 (old Form 15H) under Sec 393(6) (old 197A) can stop it at source. [4][1][2]

  • ₹1 lakh

    bank interest a year before any TDS

    For a senior citizen, per bank. Sec 393 (old 194A). [4]

Worked examples for tax year 2026-27, Income-tax Act 2025, resident individual in the new regime unless stated. Your own figures will differ.

Step 1

Upload your bank statement

Bank statement analyser

Pension, FD interest and TDS, by month.

Also: Notice decoder

Upload bank statement

Step 2

What you get

Your benefit

₹50,000

refund on the example above. Your own number comes from your statement.

The service that gets it done

Income tax return for salaried and pensioners, ITR-1 (Sahaj)

Delivered in 1 working day after Form 130 (old Form 16), AIS and deduction proofs

₹999

Yearly, plus 18% GST

  1. Information

    • PAN and e-filing login
    • Form 130 (old Form 16) from each employer
    • +7 more

  2. Discussion

    • Any capital gains other than small listed equity LTCG, business income, or a directorship or unlisted shares?
    • Did you change jobs or have two Form 16s?
    • +4 more

  3. Forms

    • Confirm ITR-1 eligibility (residency, ₹50 lakh limit, two house properties, LTCG limit, exclusions)
    • Download AIS and TIS and reconcile with Form 130 (old Form 16) and bank statements
    • +4 more

  4. Deliverables

    • ITR-V acknowledgement with acknowledgement number
    • E-verification confirmation by SMS and email
    • +1 more
Assign a SavvySee every step

Every answer comes as FPAC: Facts, Provisions and law, Analysis, Conclusion. A verified Savvy does the work, a CA checks it, and you pay the price shown.

Sources

  1. [1]Sec 156 (old 87A): rebate up to ₹12 lakh
  2. [2]Sec 19 (old 16): standard deduction ₹75,000
  3. [3]Sec 202, Income-tax Act 2025 (old 115BAC): new regime slabs
  4. [4]Sec 393 (old 194-O, 194A, 194J, 194R): TDS table
  5. [5]Income-tax Act 2025 in force from 1 April 2026

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Worked examples from the law, then your own from one upload.