Income tax returns 2026-27: Should pensioners file ITR? Tax rules, forms and deductions explained
New Delhi, May 22 -- Many pensioners may think that income tax filing becomes optional after retirement, especially if they are no longer receiving a salary income. However, pension income remains taxable in most cases, and senior citizens are still required to file an Income Tax Return (ITR) depending on their total income, tax regime, deductions and other financial transactions during the year.
Filing ITR can also help pensioners claim tax refunds, correctly report pension and interest income, carry forward certain losses, and maintain updated financial records. The last date to file the ITR for pensioners (who typically file ITR-1) is July 31, 2026 for the assessment year 2026-27. If you miss the July deadline, you can file a belated ...
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