In this post, We’ll discuss Form 26AS, an important tax form that explains your tax credits, TDS, and advance tax payments. We’ll also walk you through the steps for viewing and downloading it from the Income Tax portal and internet banking.
Let’s look at each section in detail:
Form 26AS, also known as the Tax Credit Statement, is an important document issued by the Income Tax Department of India. It provides a comprehensive summary of your tax information for a single financial year. It includes TDS deducted from your salary, interest, or other sources of income, as well as TCS, advance tax payments, and any tax refunds you have received.
In short, Form 26AS allows you to check the accuracy of the taxes deducted on your behalf and simplifies the process of filing your taxes.
Log in to the ‘e-Filing’ Portal : https://www.incometax.gov.in/iec/foportal/
1: Go to the ‘e-file’> Income Tax Returns and select ‘View Form 26AS.
2: Read the disclaimer, then click ‘Confirm‘ and you will be directed to the TDS-CPC Portal.
3: In the TDS-CPC Portal, accept the terms of usage. Click ‘Proceed‘
4: Select ‘View Tax Credit (Form 26AS)’
5: Select the ‘Assessment Year’ and ‘View type’ (HTML or Text)
6: Click ‘View / Download’
If “View As” is selected HTML, then you can view your 26AS details on the screen. If it is selected as Text, then a file with the required details will be downloaded.
You can view Form 26AS through your bank’s internet banking if your account is with a bank, approved by the Income Tax Department. Below is a list of approved banks:
Steps to Access Form 26AS:
1.Log in to your bank’s internet banking portal.
2.To view your Form 26AS, select the option “Tax Credit Statement” or “TRACES (26AS) Services”.
And with that, we conclude this post. Please leave any questions or comments in the space provided below; we are happy to answer them.
Ans: The password for opening the pdf file of Form 26AS is the taxpayer’s date of birth/incorporation in the format DD/MM/YYYY.
Ans: Form 26AS is crucial as it provides proof that tax was deducted and collected at the source on our behalf. Also, it confirms that the firms (employers, banks, etc.) deduct property taxes on our behalf and deposit them in the government’s account so that credit can be claimed.
Ans: No, there is no specific mobile app for viewing Form 26AS. However, you can see and download the form from the income tax e-filing Portal using your mobile browser.
Ans: Yes, NRIs with a PAN can access Form 26AS through the Income Tax e-filing service by entering their login credentials.