Filing after 60 — what is different?
If you are 60 or older, tax filing is still mostly ITR-1 or ITR-2 for pension-plus-interest cases — but the details differ: pension is taxed as salary, bank FD interest floods AIS, and [Section 80TTB](/glossary/section-80ttb) gives up to ₹50,000 deduction on deposit interest (vs ₹10,000 80TTA for younger filers on savings only).
Super senior citizens (80+) get higher slab benefits under old regime. Set correct age in your profile — LastMinute ITR enables senior mode from your age band.
We are not a government service — you file and e-verify on incometax.gov.in.
Pension vs family pension
| Type | Tax treatment (typical) |
|---|---|
| Pension from employer | Salary schedule — Form 16 or pension certificate |
| Family pension | Other sources — special deduction rules (one-third or ₹15,000, per current law) |
Do not mix them — misclassification triggers correction notices.
FD interest and AIS — the senior filer trap
Banks report every rupee of FD interest in AIS even when TDS is zero (Form 15H on file). Form 16 will not list this — see bank FD in AIS and AIS mismatch.
Section 80TTB — report first, deduct second
- Add full FD/savings interest to other sources income
- Claim 80TTB up to ₹50,000 in Schedule VI-A (confirm year’s law for regime)
- Claim TDS in TDS schedule only if in Form 26AS
80TTB generally helps in both old and new regimes for eligible seniors — but slab comparison still matters for net tax.
Regime choice for retirees
Heavy medical insurance (80D), SCSS/PPF interest strategy, and home-loan interest may favour old regime. Moderate pension with high 80TTB-eligible interest and low deductions may favour new regime with 87A rebate — run numbers, do not guess. Old vs new regime.
What you should do
- Download AIS even if you "only have pension" — FD lines appear reliably
- Use ITR-1 salaried guide for simple pension + interest cases
- Plan e-verification — Aadhaar OTP needs linked mobile; arrange family help if needed (e-verify guide)
- Import documents for estimate — file yourself on gov portal
Common mistake
Skipping ITR because TDS covered tax. Refund claims, clean compliance for loans/visa, and loss carry-forward still need filing.
Form 15H = no return needed — wrong. Reporting obligation remains.
Ignoring previous employer pension TDS after partial-year work before retirement — AIS may show extra TDS lines.
Related glossary
- Section 80TTB — examples and TDS interaction
- Section 80D — senior medical insurance caps