Whose monthly Pension not more than 71,000 and fixed deposit below 50 lakhs.

*TAX EXEMPTION*

 *(FY 2025-26)*

As per the budget for FY 2025-26, on gross taxable income up to Rs 12.00 lakhs, there is no income tax payable. Moreover, for tax payers under salaried & pensioners standard deduction up to Rs 75000/- is available. Hence

Pensioners fulfilling the following criteria 

NEED NOT PAY

a single rupee as income tax for the Financial Year 2025-26:

(Amount in Rupees)

1. Whose monthly pension is not more than 1,06,250 and no fixed deposit. 

2. Pension not more than 99,000 and fixed deposit below 10 lakhs.

3. Pension not more than 92,000 and fixed deposit below 20 lakhs.

4. Pension not more than 85,000 and fixed deposit below 30 lakhs.

5. Pension not more than 78,000 and fixed deposit below 40 lakhs.

6. Pension not more than 71,000 and fixed deposit below 50 lakhs. 

7. Pension not more than 63,700 and fixed deposit below 60 lakhs. 

8. Pension not more than 56,700 and fixed deposit below 70 lakhs.

9. Pension not more than 49,600 and fixed deposit below 80 lakhs. 

10. Pension not more than 42,500 and fixed deposit below 90 lakhs.

11. Pension not more than 36,500 and fixed deposit below one crore.

(The above details are worked as per the prevailing Rate of Interest on deposits and the same may vary depending on the ROI on deposits in force from time to time)

So, friends, enjoy the future calculations. 😊