How to view your Tax Credit Statement?

Form 26AS or often referred as Tax Credit Statement or Annual Statement is one of the important document required for income tax E-filing. It contains information such as TDS, TCS and refund associated with the PAN number. It describes how much tax has been deducted from the PAN holder from various sources in a consolidated form. It contains consolidated tax statement as described under section 203AA and Rule 31AB. One can either manually download or directly import this form during E-filing income tax return with us.

What all Form 26AS contains?

  • Self-assessed tax payments
  • Advance tax paid by the taxpayer
  • Consolidated details of tax paid from different sources of income
  • Consolidated details of tax deducted by deductors
  • Consolidated details of tax collected by collectors
  • Details of the High value Transactions in respect of shares, mutual fund etc
  • Regular assessment tax deposited by the PAN holders
  • Details of refunds received during the financial year

Some Important facts about Form 26AS

  • The tax statement provided by this form is collected from the details given by TDS or TCS deductor.
  • The amounts should be verified before claiming tax credit and only the amount pertained to the taxpayer should be claimed.
  • This form is linked with taxpayer’s PAN number and the password for opening the form is taxpayer’s Date of Birth (in DDMMYYYY format)
  • This form can be downloaded from TRACES or via net banking pages of authorized banks.
  • From FY 2008-09 onwards, this form is available to access or viewed.

Step-by-Step Guidelines to download Form 26AS from TRACES

Form 26AS can be downloaded either from the TRACES website or via Net Banking Facility of authorized banks.

How to download & view Form 26AS through the TRACES website

1  Browse “https://incometaxindiaefiling.gov.in” to access the official website of Income Tax Department.  Login into your account or register for a user account
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2 Enter your PAN number, password and DOB / date of incorporation in DD/MM/YYYY
format. Along with the captcha code.
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Click on “LOGIN” button to access your account.

3 On the following screen, click on “View Form 26AS (Tax Credit)” button.
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4 Click on “Confirm” button to get
redirected to the TRACES website.
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5 On the TRACES (TDS-CPC) website, select the box on the screen
and click on “Proceed” button.
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6 Now click on “Click View Tax Credit (Form 26AS) to view your Form 26AS”
link at the bottom of the page.
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7  Select the Assessment Year and the format from HTML or PDF to see your Form 26AS.
 Once selected, click on “View/Download” button.
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  •  The document requires a password to open it and the password is taxpayer’s DOB in DDMMYYY format.

How to download & view Form 26AS through the TRACES website

Any PAN holder having netbanking facility can access and view their Tax Credit Statement or Form 26AS through their bank account. This facility is only available if PAN number is mapped to that account and this facility is available for free of cost. Only the banks registered with NSDL can offer this facility to their customers.

List of the registered banks:

  •   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

Parts of Form 26AS

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Part A: Details of tax deducted at source

This part shows details of TDS deducted from the salary, interest income, pensions and income from other sources. It will also show the TAN number of the deductor and amount of TDS deducted and deposited. Information will be provided on a quarterly basis.

Part A1: Details of Tax Deducted at Source for Form 15G/Form 15H

If the taxpayer has submitted Form 15G or Form 15H and no TDS has been deducted from his salary, then his/her income details will be shown in this part. And taxpayers who have not submitted Form 15G or Form 15H will see a “No transactions present” quote in this section.

Part A2: Details of Tax Deducted at Source on sale of Immovable Property u/s194(IA) (For seller of Property)

Taxpayers who have sold property during the financial year and TDS has been deducted from their receipt will see entries in this section.

Part B: Details of Tax Collected at Source

This section will display Tax Collected at Source or TCS details by the seller of goods. The entries will be seen only for seller category taxpayers and if they have collected tax.

Part C: Details of Tax Paid (Other than TDS or TCS)

Any other tax paid by the taxpayer will be displayed in this section including Challan details, advance tax and self-assessment tax.

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Part D: Details of Paid Refund

If the taxpayer had received any refund on income tax filing then this section will show those details in here. The details will include assessment year, mode of payment, amount paid, interest paid and payment date.

Part E: Details of AIR Transaction

This section will show all high value transactions which bank institutions are required to report. The transactions including mutual fund, property purchase or corporate bonds, etc will be shown here.

Part F: Details of Tax Deducted on sale of immovable property u/s194IA (For Buyer of property)

In case of buying property, a taxpayer must deduct TDS before making payment to the seller, and those details will be shown in here. This section will also show details of TDS deducted and deposited by the taxpayers.

Part G: TDS Defaults* (processing of defaults)

This section will display information regarding defaults relating to processing of statements but will not include any demand raised by assessing officer.

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