Form 26AS – View, Verify, and Download Tax Credit Details

Form 26AS is an annual tax statement linked to your PAN. It shows details of tax deducted at source (TDS), tax collected at source (TCS), and more. This form helps ensure the correct credit of your taxes and is essential for filing accurate income tax returns.

 

Viewing and downloading Form 26AS helps you verify your tax credits by checking if the TDS or TCS matches your records. 

Think of it as your consolidated annual information statement for a specific Financial Year (FY). The 26AS statement gives a full summary of all tax-related transactions linked to your PAN. It helps you to file taxes accurately and keeps a track of your tax credits and liabilities. 

 

It includes the following details:

• Tax Deducted at Source (TDS)

• Tax Collected at Source (TCS)

• Advance Tax, Self-Assessment Tax, or Regular Assessment Tax paid

• Refunds received during the year

• Specified Financial Transactions (SFT), if applicable

• Tax deducted on the sale of immovable property (for sellers)

• TDS Defaults, if any

• Information on tax demands and refunds

• Details of pending and completed tax proceedings

The 26AS statement is crucial in verifying tax credits for accurate income tax returns (ITR). It allows you to check all the tax credits deposited against your PAN, including TDS, TCS, and any advance tax payments. 

 

Avoiding mismatches between tax deductions and filed returns is important to prevent penalties. Inconsistencies can delay refunds, trigger audits, and lead to fines. Here is how you can check if there are any mismatches:

1. Log in to the e-filing portal with your user ID and password.

2. On your Dashboard, click Services > Tax Credit Mismatch.

3. On the Tax Credit Mismatch page, enter your details.

4. Check for any mismatch between the TDS, TCS, or challan amounts and the amounts in Form 26AS.

5. If the amounts differ, a message will be displayed: "There is a mismatch".

6. If there’s no mismatch, the message "Tax Credit Claimed is Fully Matched with Tax Credit Available in 26AS" will appear.

 

If there is a mismatch in TDS, you can take the following steps to resolve the issue:

• Inform the employer/deductor responsible for deducting TDS from your income.

• Your employer/deductor will need to file a revised TDS return.

 

In case of other tax credit mismatch (AT/SAT) provided in the Income Tax Return, follow these methods:

• If you have not received an intimation u/s 143(1), you can file a revised return; OR

• You can file a rectification request through the rectification request service. (Only if you have received an intimation u/s 143(1).)

• Ensure you quote the challan details correctly in your ITR.

• Note that the tax credit claimed in the ITR is restricted/provided to the amount as reflected in your Form 26AS.

The Central Board of Direct Taxes (CBDT) made several changes to the 26AS statement. These include:

• Foreign remittances mentioned in Form 15CC

• Quarterly information on TDS deductions from salaries

• Information on income tax demands and refunds, if applicable

• Details of ongoing or completed income tax proceedings

• Details of advance tax payments made by the taxpayer

Form 26AS provides a detailed summary of your tax deductions, payments, and refunds. The process to download Form 26AS online is quick and easy through the Income Tax Department’s e-filing portal or your bank’s tax section.

View Form 26AS via Income the Tax e-Filing Portal

Follow these steps to view or download your Form 26AS:

 

1. Go to the Income Tax Department’s e-filing portal (www.incometax.gov.in/iec/foportal/)

 

2. Login using your ID and password

 

3. Navigate to ‘My Account’ and choose the ‘View Form 26AS’ from the drop down menu

 

4. Click on ‘Confirm’

 

 

 

5. You will be redirected to the TRACES portal 

 

6. A pop-up will appear stating that Form 16/16A can be downloaded only from TRACES.

 

7. Tick the checkbox to agree to the terms and click on ‘Proceed’

 

 

8. You will land on the Form 26AS/Annual Tax Statement page on TRACES 

 

9. Click on the link ‘View Tax Credit (Form 26AS/Annual Tax Statement)’ to view or download your Form 26AS

 

 

10. Choose the 'Assessment Year' and 'View type' (HTML, Text, or PDF).

 

11. Click the 'View/Download' button.

 

12. Form 26AS will appear on the screen. To download it as a PDF, click the 'Export PDF' button, and the PDF version of Form 26AS will be saved to your device.

View Form 26AS via Net Banking

You can easily download Form 26AS through your Net Banking account, though the steps may vary slightly depending on your bank. Follow these simple steps to access it based on your bank’s interface:

1. Log in to your Net Banking account using your credentials.

2. Navigate to the 'Tax' or 'e-Services' section, depending on your bank.

3. Select the option to download or view Form 26AS.

 

You can view the 26AS statement through various banks in India. It summarises your TDS and TCS information. Here’s a list of banks that offer this feature:

• Axis Bank

• Bank of Baroda

• Bank of India

• Bank of Maharashtra

• Canara Bank

• Citibank N.A.

• City Union Bank Ltd.

• ICICI Bank Ltd.

• IDBI Bank Ltd.

• Indian Overseas Bank

• Indian Bank

• Jammu & Kashmir Bank Ltd.

• Karnataka Bank Ltd.

• Kotak Mahindra Bank Ltd.

• Punjab and Sind Bank

• State Bank of India

• The Federal Bank Ltd.

• The Karur Vysya Bank Ltd.

• The Saraswat Co-operative Bank Ltd.

• UCO Bank

• Union Bank of India

• HDFC Bank Limited

• Central Bank of India

• Punjab National Bank

• IndusInd Bank

• YES Bank Limited

• Equitas Small Finance Bank

Form 26AS is essential for reconciling your income and tax details with your ITR. Here's the role it plays during ITR filing:

• Consolidates all your income and tax details in one place, making it easier to track

• Helps ensure your tax return includes the correct gross income amounts before tax deductions

• Assists in claiming the right TDS credits from various payers without relying on multiple invoices 

• Ensures smooth automatic processing of your tax return by preventing mismatches

• Allows you to identify and correct errors in reported income and tax details from sources like employers, tenants, or banks

• Reduces the chances of receiving tax notices or additional demands from authorities