Form 26AS consists of data on tax deducted at supply (TDS), tax collected at supply (TCS), advance tax, self-assessment tax, and common evaluation tax.
Form 26AS might be accessed on-line by the Income Tax Department’s web site by logging in to your account.
Form 26AS is a consolidated tax credit score assertion issued by the Income Tax Department. It accommodates all the main points of the taxes which were deducted out of your revenue and deposited with the federal government by your employer, financial institution, or every other deductor.
Why Form 26AS Is Needed?
Form 26AS consists of data on tax deducted at supply (TDS), tax collected at supply (TCS), advance tax, self-assessment tax, and common evaluation tax. It additionally exhibits particulars of the tax refund that you’ll have acquired throughout the monetary yr.
It is a crucial doc that taxpayers have to discuss with whereas submitting their revenue tax returns because it helps in calculating the whole tax legal responsibility for the yr and verifying the taxes paid with the tax division. The type might be accessed on-line by the Income Tax Department’s web site by logging in to your account.
Who Requires Form 26AS?
Form 26AS is required to be filed by anybody who has a PAN and has acquired any of the next kinds of revenue throughout the monetary yr:
Income from;
- Salary or pension
- Interest on fastened deposits or financial savings account
- Rent
- Capital good points
- Dividends
- Any different supply the place tax has been deducted at supply (TDS) by the payer
You can obtain your Tax Credit Statement or Form 26AS from the Income Tax Department’s e-filing web site. Here are the steps to observe:
Step 1: Login to ‘e-Filing’ Portal https://www.incometax.gov.in/iec/foportal/
Step 2: Go to the ‘My Account’ menu, click on ‘View Form 26AS (Tax Credit)’ hyperlink.
Step 3: Read the disclaimer, click on ‘Confirm’ and the consumer might be redirected to TDS-CPC Portal.
Step 4: In the TDS-CPC Portal, Agree the acceptance of utilization. Click ‘Proceed’
Step 5: Click ‘View Tax Credit (Form 26AS)
Step 6: Select the ‘Assessment Year’ and ‘View type’ (HTML, Text or PDF)
Step 7: Click ‘View / Download’
Step 8: To export the Tax Credit Statement as PDF, view it as HTML > click on on ‘Export as PDF’. ​
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