Jun 1, 2026
✦Economic Times
Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27
Pension is salary, but family pension isn't! This is a key tax rule pensioners need to know. Pension is taxed as salary, letting you claim a standard deduction. Family pension, however, isn't salary because there's no employer link. Understanding this difference helps avoid tax trouble.