TDS for Senior Citizen

You're correct that Section 207 of the Income Tax Act provides exemption from TDS for certain individuals, but this exemption doesn't apply to your situation.¹

As a senior citizen receiving a pension, you're eligible for a higher exemption limit under the old tax regime. For FY 2023-24 and FY 2024-25, the exemption limit for senior citizens is ₹3,00,000, and for super senior citizens (above 80 years), it's ₹5,00,000.²

 However, the Municipal Corporation is deducting TDS under Section 194J, which applies to fees for professional or technical services. Since you're receiving a consolidated salary for your services as a financial expert, the TDS deduction under Section 194J is applicable.

To claim exemption from TDS, you would need to submit Form 15G or Form 15H to the Municipal Corporation, declaring that your income is below the taxable limit. However, considering your pension and salary, your total income might exceed the exemption limit.

 It's recommended that you consult a tax professional or financial advisor to review your specific situation and provide guidance on optimizing your tax obligations.