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Pay 10,000/month for 10 years, Get 1,65,805/Year* for next 15 years.
ARN. No. KLI/23-24/E-BB/1201
Features
Ref. No. KLI/22-23/E-BB/999
Form 26AS helps you verify that the taxes deducted by your employer or other deductors have been correctly filed and credited to your account.
Paying taxes is important, but calculating and filing them can seem tricky. To simplify the process, the Income Tax Department of India provides many helpful online tools for you to use. From viewing your tax-related information to calculating how much tax is due, these options available on the official website of the Income Tax Department are very convenient. One such tool is the 26AS form of income tax.
Form 26AS is a crucial document for anyone dealing with income tax in India. Think of it as your comprehensive tax passbook detailing all the taxes you have paid or deducted on your behalf. Whether it is Tax Collected at Source (TCS), Tax Deducted at Source (TDS), or any other tax payments like advance tax or self-assessment tax, Form 26AS consolidates all this information in one place. Let us understand what is Form 26 AS and how to view Form 26AS.
Form 26AS is a consolidated credit statement that shows all the information regarding your taxes. From Tax Collected at Source (TCS), Regular Assessment Tax, and Tax Deducted at Source (TDS) to Assessment Tax and Advance Tax - there are several different income tax deductions charged on your income.
Form 26AS is used to double-check your tax credits and income calculations. It allows you to verify whether or not the tax deducted or collected by the deductor or collector was deposited on time. Aside from that, Form 26AS includes information from the Annual Information Return (AIR), which various companies file based on what a person has earned or spent, typically in high-value transactions.
To view Form 26AS using the net banking facility, follow these steps:
Form 26AS, also known as the Tax Credit Statement, is a crucial document that provides details of all the tax deducted at source (TDS) on your income. It helps you reconcile your TDS payments with your ITR filings. Here is a step-by-step guide to download Form 26AS from TRACES:
Open your web browser and go to the official TRACES website: https://contents.tdscpc.gov.in
Click on the “Login” button in the top right corner. Enter your PAN or Aadhaar number and birth date, and click “Continue.”
Once logged in, you’ll be redirected to the TRACES homepage. Select the “e-file” tab from the top menu bar. Under the “Income Tax Returns” section, choose “View Form 26AS”.
A disclaimer will appear explaining the purpose and usage of Form 26AS. Click on “Confirm” to proceed.
A new page will display. Choose the assessment year for which you want to download Form 26AS. Select the desired view type: HTML, Text, or PDF.
Once you’ve selected the assessment year and view type, click the “View/Download” button.
The Form 26AS will be displayed in the selected format. You can either view it online or download it to your computer.
When comparing your TDS certificate with Form 26AS, ensure the following details match:
You can contact the deductor or the Income Tax Department for clarification and rectification if there are discrepancies.
Form 26AS is an essential document for taxpayers as it consolidates all tax-related information, including TDS, TCS, and high-value transactions. It acts as a verification tool to ensure that the tax credits claimed in your income tax return match the details reported to the tax authorities. Regularly checking Form 26AS can help avoid discrepancies and ensure your tax filings are accurate and up-to-date. This proactive approach simplifies the tax filing process and ensures compliance with income tax regulations.
1
While TRACES offers functionalities for taxpayers, registration is not required to view Form 26AS. Using your existing login credentials, you can access it through the Income Tax e-filing portal.
2
No, viewing Form 26AS directly on TRACES requires logging in to the Income Tax e-filing portal first.
3
Yes, NRIs with a PAN can access Form 26AS through the Income Tax e-filing portal using their login credentials.
4
No, there’s no dedicated mobile app to view Form 26AS. However, you can access the Income Tax e-filing portal to view and download the form through your mobile browser.
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
Pay 10,000/month for 10 years, Get 1,65,805/Year* for next 15 years.
ARN. No. KLI/23-24/E-BB/1201
Features
Ref. No. KLI/22-23/E-BB/999
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
