Tax Rates For Pensioners Starting From AY 2026-27: With 87A Rebate Limits

Mitali | Last updated: 20 January 2026

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This article clarifies income tax rules for pensioners for the Financial Year 2025-26, relevant for Assessment Year 2026-27. It details the differences between the Financial Year and Assessment Year, and explains the two tax regimes: the New Regime (default, fewer deductions) and the Old Regime (optional, more deductions). Pensioners can choose either regime regardless of age, with specific tax slabs and rebate limits provided for each.

This article explains about income tax rules for pensioners for FY 2025-26 with ITR filing in AY 2026-27. What is Financial Year and Assessment Year? The Financial Year is the 12-month period from 1 April to 31 March in which income is earned such as pension, salary, rental income, capital gains o

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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