New Delhi, June 20 -- Filing an income tax return (ITR) is an important annual exercise for taxpayers, and this obligation does not just end with retirement. Many pensioners continue to earn income through pensions, fixed deposits, savings accounts, and other investments even after they stop receiving a regular salary.

All of the income sources mentioned above are taxable. However, pensioners claim certain deductions under the income tax law that can help in lowering their tax bill. For Assessment Year 2026-27 (FY 2025-26), pensioners can choose between multiple ITR forms depending on their income profile.

Most tax deductions available to pensioners can be claimed only under the old tax regime. Tax payers opting for the new tax regime a...