Introduction to Form 26AS

Income Tax Department facilitates a PAN holder to view its Tax Credit Statement (Form 26AS) online.

Contents of Form 26 AS

• Details of tax deducted on behalf of the taxpayer by deductors – Part A & A1 of Form 26AS.
• Details of tax collected on behalf of the taxpayer by collectors – Part B of Form 26AS.
• Advance Tax / Self-Assessment Tax / Regular Assessment Tax, etc. deposited by the taxpayers (PAN holders) – Part C of Form 26AS.
• Details of paid refund received during the financial year – Part D of Form 26AS.
• Details of high value transactions in respect of shares, mutual funds, etc. – Part E of Form 26AS.

Tax Credit Statement (Form 26AS) is generated when valid PAN is reported in the TDS statements. Form 26AS can be viewed / accessed in three ways:

On TRACES

Tax Payers can register on TRACES and login to their account to view Form 26AS from assessment year 2009-10 onwards. Registration on TRACES is free of cost. Click here to know more on how to register on TRACES. From Income Tax e-filing website – https://incometaxindiaefiling.gov.in

• Tax Payers registered on the e-filing portal can login and view Form 26AS by clicking on ‘View Form 26AS (Tax Credit)’ under ‘My Account’ or ‘Quick Link’. The facility is available free of cost.
• To register as new user, click on ‘Register Yourself’ on the portal. The registration process is user-friendly and takes minimal time.

From banking website through net banking facility

This facility is available to a PAN holder having net banking account with any of authorised banks. View of Form 26AS is available only if the PAN is mapped to that particular account. The facility is available free of cost. Login to your bank’s internet banking website and click on the option provided to view Form 26AS. If you are unable to view this option or unable to view Form 26AS, please connect with your bank to check if your PAN has been mapped correctly to your banking account.

List of banks registered with TRACES for providing view of Tax Credit Statement (Form 26AS)

Allahabad Bank , Andhra Bank, Axis Bank Limited , Bank of Baroda , Bank of India , Bank of Maharashtra , Canara Bank , Central Bank of India , Citibank India , City Union Bank Limited , Corporation Bank , Dena Bank , HDFC Bank Limited , ICICI Bank Limited , IDBI Bank Limited, Indian Bank , Indian Overseas Bank , Karnataka Bank Limited , Kotak Mahindra Bank Limited , Oriental Bank of Commerce , Punjab National Bank , State Bank of Bikaner & Jaipur , State Bank of Hyderabad , State Bank of India , State Bank of Mysore , State Bank of Patiala , State Bank of Travancore , Syndicate Bank , The Federal Bank Limited , The Karur Vysya Bank Limited , The Saraswat Co-operative Bank Limited , UCO Bank , Union Bank of India , United Bank of India , Vijaya Bank , Jammu & Kashmir Bank Ltd , Punjab And Sind Bank

FAQ for Tax Credit Statement / Form 26 AS

1. What is Form 26AS?

It is a form issued under Rule 31AB, wherein the following information in relation to a PAN is published:

• TDS – Part A & A1 of Form 26AS
• TCS – Part B of Form 26AS
• Details of tax paid other than TDS / TCS – Part C of Form 26AS
• Details of Refund – Part D of Form 26AS
• Details of AIR transactions – Part E of Form 26AS

2. Can we verify TDS certificate (Form 16A) issued by the deductor from Form 26AS?

Yes.

3. How is Form 26AS important to a deductor and tax payer?

The TDS / TCS deducted by a deductor is reflected in Form 26AS of the respective PAN and this helps in identifying any discrepancy / error. Although deductor cannot view Form 26AS for a PAN, they can view the TDS / TCS deducted / collected by them.

1. The credits available in the tax statement confirm that:
2. The tax deducted / collected by the Deductor / Collector has been deposited to the account of the government.
3. The Deductor / Collector has accurately filed the TDS / TCS return giving details of the tax deducted/collected on your behalf.
4. Bank has properly furnished the details of the tax deposited by you
5. In future, you will be able to use this consolidated tax statement (Form 26AS) as a proof of tax deducted / collected on your behalf and the tax directly paid by you along with your income tax return, after the need for submission of TDS / TCS certificates and tax payment challans along with income tax returns has been dispensed with by the Income Tax Department (ITD)

4. When is Form 26AS generated?

Form 26AS will be generated whenever a transaction related to point # 2 in this FAQ happens in relation to the tax payer. It will be updated further with all the transactions reported / processed for the given FY.

5. What is booking status in Part A of Form 26AS?

The various booking status available in Part A of Form 26AS in are:

F – Final : When payment details of TDS / TCS deposited in banks by deductors match with payment details mentioned in the TDS / TCS statement filed by deductor, status is displayed as Final (F)

O – Over booked : When payment details of TDS / TCS deposited in bank by deductor have matched with details mentioned in the TDS / TCS statement but the amount is over claimed in the statement, status is displayed as Overbooked (O). Final (F) credit will be reflected only when deductor reduces claimed amount in the statement or makes new payment for excess amount claimed in the statement

U – Unmatched : When payment details mentioned in the statement by deductor cannot be matched or found in OLTAS / banks, status is updated as Unmatched (U)

P – Provisionally Booked : In the case of Government deductors who make book entry for TDS / TCS payment, details are updated in G-Oltas by filing Form 24G. When the Government deductor files TDS / TCS statements and mentions BIN details and these do not match with G-Oltas data, status is updated as Provisionally Matched (P)

6. Can negative entries appear in Form 26AS?

If there is any error in TDS / TCS return or in the challan detail uploaded by bank, for rectifying this, original credit entry will be reversed by debit entry in Form 26AS and a new credit entry will be posted (if required). Remarks column will be updated with the appropriate reason.

7. Can I download my Form 26AS statement?

Yes. Form 26AS statement can be downloaded either as PDF / text / excel file. If number of records in Part A / Part B is less than 20,000, Form 26AS can be downloaded as PDF / excel file or viewed as HTML on the screen. For records greater than 20,000, Form 26AS cannot be viewed as HTML and it also cannot be downloaded as PDF / excel file. You have to download Form 26AS as a text file.

8. What is the password for opening Form 26AS?

The password for opening Form 26AS will be your Date of Birth (in DDMMYYYY format), e.g., if your date of birth is 01-Feb-1980, password will be 01021980.

9. How is Form 26AS important to a deductor and tax payer?

The TDS / TCS deducted by a deductor is reflected in Form 26AS of the respective PAN and this helps in identifying any discrepancy / error. Although deductor cannot view Form 26AS for a PAN, they can view the TDS / TCS deducted / collected by them.

The credits available in the tax statement confirm that:

1. The tax deducted / collected by the Deductor / Collector has been deposited to the account of the government.
2. The Deductor / Collector has accurately filed the TDS / TCS return giving details of the tax deducted/collected on your behalf.
3. Bank has properly furnished the details of the tax deposited by you.
4. This consolidated tax statement (Form 26AS) is a proof of tax deducted / collected on your behalf and the tax directly paid by you