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Basics of Form 26AS

Basics of Form 26AS

Form 26AS is a tax-credit statement that may be downloaded from the income tax site. Just like other income tax forms like Form 16, Form 15G & 15H etc. you may get this form by logging in with your PAN details.The department will have all details related to tax already paid or Tax Deducted at Source (TDS).

The form provides your income details on which the tax has already been deducted and the same is deposited to the government authorities on your behalf. Additionally, the form comprises deductors’ information such as company name and their TAN details.

Form 26AS structure
1. Part A

This part comprises the TDS details from salaries, pensions, income tax slabs and interest earnings.

2. Part B

This part comprises details of the Tax Collected at Source (TCS) by the vendors for products sold to their customers. It includes all information about the sellers and the TCS.

3. Part C

This section comprises details of direct taxes paid by you. It includes information on self-assessment tax and advance tax paid. Part C also comprises details of the all the challans used for tax deposits.

Registration of Form 26AS

You may register online to view the income tax Form 26AS through the TRACES site. At the time of registration, you need to provide basic details like PAN, address, and other communication information.


Commonly asked questions

1. What is Form 26AS?

It is issued under rule 31AB and provides details on TDS, TCS, and refund information.

2. Why is this form important?

This form shows all information related to the various tax credits and debits making it very important. Therefore, you must review it to ensure there are no errors or discrepancies.

3. For which period is the form issued?

This form is issued for every financial year.

4. Who is allowed to view this form?

Only PAN holders who are registered on TRACES site are eligible to view this form.

5. How to rectify incorrect details on Form 26AS?

You may apply to the TIN to modify or rectify information related to your PAN. You may either make an online request or through the network.

Along with form 26AS be informed about other aspects of income tax too. If you are planning to buy health insurance then you can also claim tax benefits on the health insurance premium.