What is Form 26AS
Form 26 AS is a tax credit statement. It has the details of your tax payment. The tax payment may by made by you, your employer or anyone else. It presents the details of all the taxes paid against a PAN. The income tax department provides this statement to all of its taxpayers. You can view and download your form 26AS whenever required.
You must refer to form 26AS before efiling income tax return. By going through the form 26AS, you would have the exact idea of tax payment. This information can sometimes reveal the fraud. I have gone through such situation.
Last year, a famous fund aggregator company has contacted me to put his banner ad on PlanMoneyTax. We made a deal for 4 months. It has paid me after the end of every month. But it used to deduct Rs 200 from the agreed payment. On enquiry, the company represntative told me that it is a nominal TDS. I was OK with that, anyway I would have to pay the income tax. It all went smooth and we ended the contract after 4 months.
Before writing this article, I have gone through my form 26AS. To my surprise, they have deposited only Rs 200. While they have deducted Rs 800 from my payment. The amount is not very big, therefore I am not very keen to put my energy on that. But it could be a big amount as well. So it is better to check the form 26AS frequently.
What Information You can Get from Form 26AS
The form 26AS keeps record of every transaction between you and income tax department. It may be debit as well as credit.
- Details of tax deducted by your employer.
- Details of tax deducted by other deductors including Banks.
- Tax collected by the sellers.
- Advance tax paid by you.
- Self-assessment tax paid by you.
- Details of income tax refund received by you.
- Details of the High-value Transactions in respect of shares, mutual fund etc.
Why Should you view/download Form 26AS
Taxe is a complicated matter. But you can’t escape it. You have to deal with it. You have to pay tax according to your income. Not paying tax is illegal.
But we all want to save tax as far as possible. That is why the tax matters are very important to us.
Since income tax is very important to us, the form 26AS is also important. It is our passbook in relation to income tax debit and credit. So, to be on right side of the law we must keep track of the Form 26AS
Important Facts About Form 26AS
- Every Form 26AS is linked to a PAN.
- You can download from 26AS from the TRACES website.
- You can view form 26AS from FY 2008-09 onwards.
Ways To get Form 26AS
There are three ways to view/download form 26 from the TRACES. Among these three two does not require registration at http://contents.tdscpc.gov.in/.
View Form 26AS without Registration
You can see only your form 26AS. Thus, TRACES require registration to view it. However, It gives direct access to the form 26AS if you are coming from an authenticated source. In such cases, there is no need to register at TRACES.
I would recommend you to view form 26AS without registration on TRACES website. Why should you remember one more password?
View Form 26AS Through Incometaxindiaefiling website
There is a link to view form26AS on the incometaxefiling dashboard. It leads you directly to your form 26AS. You have to go through following steps for this method.
Login at IncomeTaxIndiaeFiling .gov.in website. You have to give PAN, Password and date of birth for the login.
Look at the box on the left. It has many quick links. Click at ‘view form 26AS’.
You would see a pop up box which would tell that you are going to another website. You have to approve this redirect.
At Traces website, you would see a box which asks for your approval of an agreement. Check the box and click on ‘Proceed’
Now you have reached at form 26AS dashboard. This dashboard contains all of your form 26AS. You can see form 26AS form FY 2008-09.
View Through NetBanking
Nowadays, bank accounts are linked to your PAN. The banks must have taken your authenticated copy of PAN. Thus, income tax department has given direct access to the taxpayer through the netbanking account. You can also file income tax return through the netbanking.
To view form 26AS through netbanking you should search the link for it. It would be in the ‘Taxes’ or ‘services’ section. Following banks are giving the facility to view form 26AS through their netbanking platform.
If your bank is in the above list but you are not able to find an option to view form 26AS, contact to the bank. Your PAN may not not be mapped correctly.
I have successfully downloaded my form 26AS through my ICICI bank account. I am giving screenshots of my steps through the ICICI Bank netbanking account.
Through Traces Login
You can also view form 26AS directly at TRACES website (https://www.tdscpc.gov.in). To use this method you have to register at this website. For Registration you have to give PAN, DOB and surname. Along with these you have to also give the details of your tax payment. The tax payment details are asked to authenticate.
After the registration, you can directly login into the form 26 AS dashboard.
How To Read Form 26AS
At the Traces website you , the taxpayer, can view form 26AS from Assessment year 2009-10. You can also view form 26AS of the financial year.
There are 3 formats of the form 26AS. You can download it in the text document or PDF format. I would recommend for the PDF format. I could not understand properly the text document. It is unformatted text. To open the PDF file and zipped folder of
To open the PDF file and zipped folder of the text file you have to enter the password. The password to open form 26AS is your date of birth in DDMMYYYY format
However, If you don not want to keep the form 26AS, the HTML format is perfect for online viewing. It does not require password.
So, Choose the desired assessment year and file format. Click on view/download.
Now you would be able to see the form. The form 26AS is divided into several parts. I would tell you what each part tells.
Part A: Details of tax deducted at source
Part of A of Form 26AS has details of TDS deducted on your salary, interest income and pension income
TAN of the deductor and the amount of TDS deducted and deposited is also mentioned.
This information is given on quarterly basis.
Part A1: Details of Tax Deducted at Source for Form 15G/Form 15H
It is the detail of that income where no TDS could be deducted. TDS could not be deducted because you must have given a declaration of form 15G / Form 15H. These forms are the declaration that your taxable income is less than the taxable limit. In this
These forms are the declaration that your taxable income is less than the taxable limit. In this section you would see the details of such income. There would not be any amount in tax deducted column.
Since I have not submitted the form 15G/15H, There is no entry in this section.
Part A2- Details of Tax Deducted at Source on sale of Immovable Property u/s194(IA) (For seller of Property)
This section is relevant for you if you have sold a property in the given financial year. The new rules mandates to deduct 1% tax on property transaction. The responsibility of this tax deduction lies upon the buyer. The buyer has to deposit this tax mentioning the PAN of the seller.
Thus thus tax deduction is credited into the account of seller. The seller can see this details into form 26AS. I haven’t sold any property thus there is no transaction registered.
Part B – Details of Tax Collected At Source
There is rule of tax collected at source (TCS) if you purchase some high-value product. This rule is applicable on bullion, timber, car of more than Rs 10 lacs or any goods using cash of above Rs 2 lacs. Such tax collection by the seller is mentioned in this section of form 26AS. Again, there is no such transaction in my case.
Part C – Details of Tax Paid (Other than TDS or TCS)
Besides TDS and TCS, sometimes you also pay income tax. The self-employed pay income tax by the self assessment. The salaried person can also pay extra income tax on their other income (which is not reported to employer). This type of tax payment is mentioned in this section.
I had paid a small amount of Rs 51 to go through the online income tax payment process. I had to write a post. It is mentioned in this section.
Part D – Details of Paid Refund
This section has the details of the refund which has been paid to you. I have got refund in 2015. It is mentioned there. You can also check your income tax refund status through the incometaxindiaefiling portal.
Part E: Details of AIR Transaction
Banks and other financial institutions report high value transactions to the tax authorities. Mutual fund purchases of high value, property purchases, high value corporate bonds are all reported here. I had purchased the shares of power grid in the FPO. The tax authorities keep record of that.
Part F: Details of Tax Deducted on sale of immovable property u/s194IA (For Buyer of property)
As I have told above, If you have bought property you have to deduct TDS before making payment to the seller. This section has details of TDS deducted & deposited by you.