For pensioners & specified senior citizens

Your Form 130 works a little differently — issued by your bank, not an employer, once you cross the specified age.

Last updated 21 August 2026

Who this covers

Pensioners and "specified senior citizens"

Form 130 covers two groups beyond regular salaried employees: pensioners whose pension has TDS deducted, and a narrower category — "specified senior citizens" under Section 402(39) — whose bank handles TDS on pension and FD interest together.

The distinction

Regular pensioner vs. specified senior citizen

	Regular pensioner	Specified senior citizen
Typical age	Any age drawing a pension	75 years or older
Who deducts TDS	The pension-paying bank or employer	An authorised bank, on pension + FD interest combined
Certificate part	Part A + Part B	Part C, Annexure II
Issued by	Employer / bank	Specified bank

Basis: Section 402(39) and Section 393(1) of the Income Tax Act, 2025.

Why it matters

What this means for your filing

If you qualify as a specified senior citizen, your bank — not a former employer — is responsible for issuing your Form 130
Annexure II combines your pension and interest TDS in one place, reducing the certificates you need to track
Cross-check the interest figures against your bank's FD statements, since combined reporting means one bank's error affects both income streams
If you have income the bank doesn't handle — rental income, for instance — you'll still need to report that separately when filing

Not sure which category you fall into?

AKMO checks your certificate against the right rule.

Send your Form 130 and we'll confirm whether Annexure II applies to you, and whether the figures look right.

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