Form 26AS – Tax Credit Statement

form 26AS

Form 26AS is an annual report of total taxes paid by you to the government every year under section 203AA of Income Tax Act 1961. It reflects your tax credit details TDS, Advance Tax/ Self-assessment Tax from multiple income sources like salary, pension and interest etc., against your PAN number.

Form 26AS is also noted as the Tax Credit Statement. This guide by H&R Block will discuss its importance and the process to view and download it online.

How to View Form 26AS?

As an registered PAN holder, you can view it in two different ways:

  • Through the TRACES website (for registered users on the Income Tax Portal)
  • Without Registration on the Income Tax portal (through Net Banking)

View Form 26AS through TRACES

  • Step 1: Visit the Income Tax Portal (1) and click on the “Login Here” button.
  • Step 2: Enter your “User ID”, “Password”, “Captcha Code”, and click on the “Login” button.
  • Step 3: Click on “My Account” and choose “View Form 26AS (Tax Credit)”.
  • Step 4: click on the “Confirm” button.
  • Step 5: A message box will appear on your screen. Tick the small box to agree to the terms and conditions and click on the “Proceed” button.
  • Step 6: Click on the “View Tax Credit (Form 26AS)” tab to proceed further step.
  • Step 7: Select the appropriate “Assessment Year” and choose the “View As” option as “HTML”.
  • Step 8: Click on the “View / Download” option and scroll down to view your Form 26AS.

SIDE NOTE: If you are not registered on the Portal, you can read our step-by-step guide on the incometaxindiaefiling registration process.

How to Download Form 26AS from Traces? 

  • Follow steps from 1 to 8 as discussed above under the heading “View Form 26AS through TRACES”.
  • After clicking on the “View / Download” button, click on “Export as PDF” to download your Form 26AS.

SIDE NOTE: Due to the recent changes made by the Income Tax Department, you don’t need a password anymore to open your Form 26AS.

View Form 26AS without Registration  

The one and only way to view your Tax Credit Statement without enrolling on the Income Tax portal is through your Net Banking account.

SIDE NOTE: Your PAN card should be linked to your online bank account to access Form 26AS.

For your reference, here is the process to download your Form 26AS through HDFC bank’s Net banking portal:

  • Step 1: Visit the login page of the HDFC bank account by clicking here (3) and enter your login credentials like User ID/ Customer ID and Password to proceed further.
  • Step 2: On the left side of the page, click on the “Enquire” option.
  • Step 3: Scroll down further to click on the “View Tax Credit Statements” option.
  • Step 4: Verify your PAN number and click on the “Continue” button.
  • Step 5: Enter the “Security Check” Captcha Code and click on the “Continue” button.
  • Step 6: A message box will pop up on your screen. Tick the small box to agree to the terms and conditions and click on the “Proceed” button.
  • Step 7: Click on the “View Tax Credit (Form 26AS)” tab to proceed further.
  • Step 8: Select the relevant “Assessment Year” and click on the “View / Download” button.
  • Step 9: Click on “Export as PDF” to download your Form 26AS
You can also use the Net Banking services of the following banks to Download Form 26AS.
Allahabad BankPunjab National BankState Bank of India
Andhra BankICICI BankSyndicate Bank
Axis Bank LimitedIDBI Bank LimitedThe Federal Bank Limited
Bank of BarodaIndian BankThe Karur Vysya Bank Limited
Bank of IndiaIndian Overseas BankThe Saraswat Co-operative Bank Limited
Bank of MaharashtraIndusInd BankUCO Bank
Canara BankJammu & Kashmir Bank LimitedUnion Bank of India
Central Bank of IndiaKarnataka Bank LimitedUnited Bank of India
Citibank N.A.Kotak Mahindra Bank LimitedVijaya Bank
Citi Union Bank LimitedOriental Bank of CommerceYES Bank Limited
Corporation BankPunjab and Sind BankDena Bank

Form 26AS Format

  • Part A: Characteristics of Tax Deducted at Source
  • Part A1: Characteristics of Tax Deducted at Source for Form 15G/ Form 15H
  • Part A2: Characteristic of Tax Deducted at Source on the sale of Immovable Property u/s194(IA) (For the seller of Property)
  • Part B:Characteristic of Tax Collected at Source
  • Part C: Characteristic of Tax Paid (Other than TDS or TCS)
  • Part D: Details of Paid Refund
  • Part E: Details of AIR Transaction
  • Part F: Characteristic of Tax Deducted at Source on the sale of immovable property u/s194(IA) (For Buyer of Property)
  • Part G: TDS Defaults* (processing of statements)

Income Tax Form 26AS Details

  • Part A – Details of Tax Deducted at Source
  • Here you will find all the details of Tax Deducted at Source. The information on the taxes deducted from your salary, interest income, pension etc., is updated here every quarter. Part A1 – Details of Tax Deducted at Source for 15G/ 15H
    • The details of income paid to you without deducting TDS is shown here due to the submission of Form 15G/15H from your end. If you do not submit Form 15G/ 15H, this section doesn’t show any transactions.
  • Part A2 – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA
    • The TDS details of your house property that you have sold in any respective assessment year is available in this section of the article.
  • Part B – Details of Tax Collected at Source
  • It shows all the tax collected at source (TCS) by you as a seller while selling your goods to customers.
  • Part C – Details of Tax Paid (other than TDS or TCS)
  • This section of Form 26AS shows the details of your tax challan related to the Advance Tax or Self-assessment tax that you paid.
  • Part D – Details of Paid Refund
  • All the details of any tax refund that you received, in case any, from the Income Tax Department, like interest paid, refund amount, date of payment, etc., is available here.
  • Part E – Details of AIR (Annual Information Return) Transaction
  • The details of all the high-value transactions that you declared in a financial year, like the purchase of high-value bonds, purchase of Property, depositing more than Rs 10 lakh in your savings account, etc., are available here. Even banks and financial institutions need to report the details to the tax department.
  • Part F – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA
  • If you bought a property where the consideration value exceeded Rs 50 lakh, you need to deduct and deposit TDS on behalf of the seller. Details of such Tax can be found in this section of the form.
  • Part G – TDS Defaults* (Processing of Statements)
  • Details of any tax default are displayed in this section but exclude any tax demand raised by the Assessing Officer.

People also ask

What is the importance of Form 26AS in Income Tax?

A. Form 26AS is essential because it helps you verify whether the government has received the TDS deducted from your income or Advance Tax paid by you or not. Hence, it is recommended to refer to Form 26AS before filing your tax return.

Who issues Form 26AS?

A. The Income Tax Department of India issues your Form 26AS.

What is the password to open Form 26AS?

A. You don’t need a password anymore to open your Form 26AS. The password needed to open Form 26AS was in the steps: DD/MM/YYYY – The date of birth as mentioned in your PAN card.

What to do if the TDS deducted from your income is not reflecting in Form 26AS?

A. You may face this problem because your TDS deductor did not file the TDS return.

I have paid Advance Tax or Self-assessment Tax. When will it reflect in my Form 26AS?

A. The details of Tax paid will reflect within 1 to 2 weeks of making the payment.

How to verify Form 26AS?

A. You can cross verify in your Form 26AS with documents like Form 16, Form 16A/B/C, Form 27D and tax payment challans etc. and vice-versa.

How to get Form 26AS corrected?

A. If there is an mistake in the entries related to TDS/TCS, you should approach the respective deductor (which is your employer or the bank in most cases). To file a statement. In case of an error in the entries related to Self-assessment or Advance Tax payment, you should get help from your jurisdictional assessing officer.

Form 26AS contains all the tax-related information reflecting against your PAN number as per the database of the Income Tax Department. Hence, it serves as an essential document that helps you verify the tax credit details at the time of filing your tax return.

A slight mismatch between the information in the form and your declarations in the ITR may lead to a discrepancy. So, always refer to Form 26AS while filing your return.

How can H&R Block help you?

H&R Block is the world’s largest Income Tax filing services provider. Get your filing of Income Tax done by our tax experts who will help you understand your tax modalities, prepare your return and file it online.

Leave a Reply

%d bloggers like this: