Form 26AS is a Consolidated Tax Credit statement issued to a Taxpayer and shows the Income Tax that has been deposited with the Govt with respect to that Taxpayer and is required to be issued under Section 203AA of the Income Tax Act, 1961.
Form 26AS is a consolidated statement and contains all details of the taxes paid and deposited with the Income Tax Department. As per Rule 31AB of the Income Tax Rules, Form 26AS shall include the following details:-
- Part A – Tax Deducted at Source (TDS) deposited with the Income Tax Department on your behalf by the person from whom you’ve received the payment. This TDS head also displays the name of the deductor, the TAN No. of the Deductor, the section under which the payment has been made, the date of payment, the amount of payment etc
- Part B –Tax Collected at Source (TCS) deposited with the Income Tax Department on your behalf by the seller of specified goods at the time these goods have been sold to you. Details under this TCS head similar to those as in TDS Head are shown here as well.
- Part C – Other tax payments made by the Tax-Payer (like Advance Tax, Self-Assessment Tax, Regular Assessment Tax etc) computed as per the Income Tax Slabs and the details of Challan through which you have deposited the tax in the bank.
- Tax Refunds (if any) which shows the details of amount refunded and the assessment year for which the tax has been refunded
- Annual Information Report (AIR) – Contains details of high value transactions done by an Individual as reported in the Annual Information Report
Benefit of Form 26AS
Every taxpayer is advised to cross-check his Form 26AS as the amount mentioned while filing the Income Tax Return as the Tax deposited shall be the same as the Amount shown in this tax credit statement. All taxes received by the Income Tax Department on behalf of a taxpayer are shown in this tax credit statement and this statement also confirms that
- The Tax Deducted/Collected by the Deductor/Collector has been deposited and TDS Payment made to the account of the Government
- The Deductor/Collector has accurately filed the TDS/TCS Return giving details of the Tax Deducted/Collected on your behalf
- Bank has properly furnished the details of the Tax deposited by you
How to download Form 26AS online?
This form can be downloaded through 3 different portals:-
- Income Tax Website
- Bank Website
- TIN Website
- TRACES Website
1. Downloading from Income Tax Website
Form 26AS can be viewed online by logging into your account on www.incometaxindiaefiling.gov.in and then clicking My Account as shown in the screenshot below
In case you are not registered on the above website, you’ll first have to register to view your Form 26AS
2. Downloading from Bank Website
If a Taxpayer has submitted his PAN No. to his banker and has also availed of the facility of Net Banking, he can view his Tax credit statement – Form 26AS from the Bank’s website itself without registering on the above website. The taxpayer shall login to his net banking account from where he can view his tax credit statement i.e. his Form 26AS.
3. Downloading from TIN Website
If a Tax-payer is registered with the Tax Information Network (TIN), he can view this tax credit statement – Form 26AS from https://onlineservices.tin.nsdl.com/TIN/JSP/security/PanLogin.jsp
To register with TIN, a taxpayer is required to fill an online Registration Form, after which verification would be conducted by the TIN Facilitation Personnel either at the PAN Holder’s address or at the TIN Facilitation Centre that has been chosen by the PAN Holder. In case you opt for visiting the TIN Facilitation Centre – the fees charged for verification would be Rs. 17 and in case you opt for a TIN Official visiting you – you would be charged a onetime fee of Rs. 110.
The generation of Form 26AS through the TIN website has been discontinued from 1st November 2012 onwards. In place of generation of Form 26AS through the TIN Website, the government has put in place another website – TRACES from where the taxpayers can download their Form 26AS as explained below.
Downloading Form 26AS from TRACES Website
The Income Tax Department has also initiated a TDS Reconciliation Analysis and Correcting Enabling System (TRACES). Taxpayers can also view their Form 26AS through this Portal. For viewing Form 26AS through TRACES website, a taxpayer would be first required to register through this link: https://www.tdscpc.gov.in/app/tapreg1.xhtml.
After completing all the details as required from Step 1 to Step 3 in the above mentioned link, an activation link would be sent to the email id of the taxpayer. Separate Activation Codes would also be sent to the registered mobile no. of the taxpayer. Click on the Email Activation link and then provide the activation codes sent to your mobile. After following the above mentioned steps, a taxpayer is registered to view Form 26AS through the TRACES website.
For an online tutorial on how to register for Form 26AS through the TRACES website, refer the following link
Please Note: The details in Part A & Part B are displayed in Form 26AS on the basis of quarterly TDS/TCS statement furnished by the deductor/collector and the details in Part C are displayed after 3 days of making the payment.
In case of any discrepancy regarding the taxes paid as reflected in Form 26AS – shall contact the TIN Call Centre at National Securities Depository Limited, 3rd Floor, Sapphire Chambers, Near Baner Telephone Exchange, Baner, Pune – 411 045. Tel: 020 2721 8080. Fax: 020 2721 8081. Email: email@example.com