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Section 194P no ITR filing for senior citizens 75 plus in AY 2027-28

Section 194P: No ITR for Senior Citizens 75+ in AY 2027-28 (Form 125, Conditions & Bank TDS)

15/11/2026 by Rohan Mehta

Resident senior citizens aged 75 or more need not file an ITR if their only income is pension plus interest from the same specified bank. Section 194P (now Section 393(1) Sl. 8(iii)) explained — conditions, Form 125 and bank TDS.

Categories Income Tax Tags 80TTB, form 125, no itr filing, pension tax, section 194p, Section 393, senior citizen itr Leave a comment

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