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6 Reasons Why Health Insurance is Important for Mothers

How to Choose the Health Insurance Plan for Mothers?

ITR for Pensioners and Retired Govt Employees

As per the IT Act, pension income from a former employer, whether government or private, comes under the head "Income from Salary," while family pension comes under the head "Income from Other Sources." Both are taxed as per the taxpayers’ eligible income tax slabs for senior citizens.

If your income is below the basic exemption limit, you don’t have to pay any taxes. Check out the basic exemption limits for FY 2022-23 and FY 2023-24. 

Age of the Taxpayer Amount of Income 
(Old tax regime – FY 2022-23 and FY 2023-24) 
Amount of Income 
(New tax regime - FY 2022-23) 
Amount of Income 
(New tax regime - FY 2023-24) 
Between 60 to 80 years  ₹3,00,000  ₹2,50,000  ₹3,00,000 
Above the age of 80   ₹5,00,000  ₹2,50,000  ₹3,00,000 

FAQs about Health Insurance For Mothers