Your Tax Credit Statement or Form 26AS is an important document for tax filing. Instead of manually downloading your Form 26AS for filing your I-T Returns, you can directly import your Form 26AS information while filing your Income Tax Returns.
1. What is Form 26AS?
- Details of tax deducted on your income by deductors
- Details of tax collected by collectors
- Advance tax paid by the taxpayer
- Self-assessment tax payments
- Regular assessment tax deposited by the taxpayers (PAN holders)
- Details of refund received by you during the financial year
- Details of the High-value Transactions in respect of shares, mutual fund etc.
2. Parts of Form 26AS?
- Part A: Details of Tax Deducted at Source
- Part A1: Details of Tax Deducted at Source for Form 15G/Form 15H
- Part A2: Details of Tax Deducted at Source on sale of Immovable Property u/s194(IA) (For seller of Property)
- Part B: Details of Tax Collected at Source
- Part C: Details of Tax Paid (Other than TDS or TCS)
- Part D: Details of Paid Refund
- Part E: Details of AIR Transaction
- Part F: Details of Tax Deducted on sale of immovable property u/s194IA (For Buyer of property)
- Part G: TDS Defaults* (processing of defaults)
Part A: Details of Tax Deducted at Source
Part A of Form 26AS has details of TDS deducted on your salary, interest income, pension income and prize winnings etc. TAN of the deductor and the amount of TDS deducted and deposited is also mentioned. This information is provided on a quarterly basis.
Part A1: Details of Tax Deducted at Source for Form 15G/ Form 15H
Details of income where no TDS has been deducted, since the taxpayer submitted Form 15G or Form 15H. You can verify the status of TDS deduction if you submitted Form 15G or Form 15H. If you have not submitted Form15G or Form 15H this section will display ‘No transactions present’.
Details of Tax Deducted at Source on sale of Immovable Property u/s194(IA) (For seller of Property)
If you have sold property during the year and TDS was deducted from your receipts. You’ll find the relevant entries here.
Part B: Details of Tax Collected at Source
Part B has details of the tax collected at source (TCS) by the seller of goods. Entries are present here if you are a seller and tax is collected by you.
Part C: Details of Tax Paid (Other than TDS or TCS)
If you have deposited any tax yourself, that information will appear here. Details of advance tax, self-assessment tax is present here. It also has the details of the challan through which the tax was deposited.
Part D: Details of Paid Refund
Information is present in this section if you have received a refund. Assessment year to which the refund pertains, along with mode of payment, amount paid and interest paid and also the date of payment is mentioned.
Part E: Details of AIR Transaction
Banks and other financial institutions are required to report high-value transactions to the tax authorities. Mutual fund purchases of high value, property purchases, high-value corporate bonds are all reported here.
Part F: Details of Tax Deducted on Sale of Immovable Property u/s 194IA (For Buyer of Property)
If you have bought property you have to deduct TDS before making payment to the seller. This section has details of TDS deducted & deposited by you.
Part G: TDS Defaults*(Processing of Defaults)
Defaults relating to the processing of statements and do not include demand raised by assessing officer.
3. How to view Form 26AS?
There are two ways of viewing Form 26AS
– TRACES portal
- Form 26AS can be downloaded from TRACES (see below for step-by-step guide on how to download Form 26AS)
- This income tax Form 26AS is linked with your PAN
- The password for opening Form 26AS is your Date of Birth (in DDMMYYYY format)
- You can view Form 26AS from FY 2008-09 onwards
– Via netbanking of your bank account
The facility is available to a PAN holder having a netbanking account with any of authorized banks. You can View Tax Credit Statement (Form 26AS) only if your PAN number is mapped to that particular account. This facility is available for free.
List of banks registered with NSDL for providing view of Tax Credit Statement (Form 26AS) are as below:
- Axis Bank Limited
- Bank of India
- Bank of Maharashtra
- Bank of Baroda
- Citibank N.A.
- Corporation Bank
- City Union Bank Limited
- ICICI Bank Limited
- IDBI Bank Limited
- Indian Overseas Bank
- Indian Bank
- Kotak Mahindra Bank Limited
- Karnataka Bank
- Oriental Bank of Commerce
- State Bank of India
- State Bank of Mysore
- State Bank of Travancore
- State Bank of Patiala
- The Federal Bank Limited
- The Saraswat Co-operative Bank Limited
- UCO Bank
- Union Bank of India
4. How to Download Form 26AS?
Form 26AS can be downloaded:
- On the TRACES website
- Or via Net Banking Facility of authorized banks
Go to https://incometaxindiaefiling.gov.in and Login using your income tax department login & password. If you don’t have an account, you’ll need to Register first (see the button on top of LOGIN).
Step 1 of 8
Step 2 of 8
Enter your PAN number, password and date of birth / date of incorporation in DD/MM/YYYY format. And enter the captcha code. Now click on LOGIN.
Step 3 of 8
The following screen will appear. Go to ‘My Account’. Click on ‘View Form 26AS’ in the drop down
Step 4 of 8
Click on ‘Confirm’ so that you are redirected to the TRACES website. (Don’t worry, this is a necessary step and is completely safe since it is a government website).
Step 5 of 8
You are now on the TRACES (TDS-CPC) website. Select the box on the screen and click on ‘Proceed’.
Step 6 of 8
Click on the link at the bottom of the page – ‘Click View Tax Credit (Form 26AS) to view your Form 26AS’.
Step 7 of 8
Choose the Assessment Year and the format in which you want to see the Form 26-AS. If you want to see it online, leave the format as HTML. If you would like to download a PDF for future reference, choose PDF. After you have made your choice, enter the ‘Verification Code’ and click on ‘View/Download’.
Step 8 (Final)
To open the document you have to enter a password. Form 26AS password is your DOB in DDMMYYY format. Voila! Your Income Tax Form 26AS will open!
5. How to use the Income Tax Department’s e-Filing website?
- The first step is to either login or register on the website
- Once you enter your PAN number, the website will tell you if you’re already registered
- If you’ve e-Filed before, chances are that you might already be registered. Please search your email inbox for “incometaxindiaefiling.gov.in” to look for information that might be useful
- If you remember your password, login. Note: Your User ID is your PAN number.
If you don’t remember your password, you need to Reset your password
- If you’re not able to reset the password with any of the three options provided, please send an email to – email@example.com with the following details
PAN holder’s Name:
Date of Birth:
Registered PAN address:
You may also want to read
Guide to E-filing Income Tax Return Yourself in less than 7 Minutes
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