Meaning of form 26AS
We all are paying income tax and filing income tax returns every year. We pay income tax in may forms either directly and indirectly. Indirect payment of income tax is TDS (tax deducted at source).Our employer deducts our income tax as TDS, our banks deducts TDS on interest income before paying that. If we receive payments from some organisation / company like rent TDS is deducted on that as per applicable rules. In direct tax payment we pay quarterly advance tax based on presumptive income tax calculations.
Income tax department at their end keeps a record of all these payments and deductions electronically in the form of form 26AS. Form 26 AS also has details of tax collected at source (TCS), refund received if any and details of high value transactions in mutual fund, shares and bonds, etc. (as reported by AIR). So form 26AS means compilation of all these tax related transactions related to a PAN card l for a specific financial year as per the Income tax records. In other words form 26AS tax credit statement is a consolidated income tax statement. Form 26AS confirms that your tax deducted / tax paid by you is received by the government.
It is advised to download your form 26AS to recheck the TDS and advance tax paid before filing income tax return. You can also verify TDS certificate issued to you in the form of form 16 / 16A by your deductor against Form 26AS.
How to download form 26AS | view form 26AS online
You have two options to view / download form 26AS
If you are registered with income tax efiling you can view / download form 26AS by logging into Income tax efiling website.
View / download from 26AS through internet banking with banks authorized by the income tax department if your PAN number is linked with our bank account.
The following is the list of banks registered with NSDL for providing view of Tax Credit Statement (Form 26AS)
|Allahabad Bank||Andhra Bank||Axis Bank Limited|
|Bank of Baroda||Bank of India||Bank of Maharashtra|
|Canara Bank||Central Bank of India||Citibank N.A.|
|City Union Bank Limited||Corporation Bank||HDFC Bank Limited|
|ICICI Bank Limited||IDBI Bank Limited||Indian Overseas Bank|
|Indian Bank||Karnataka Bank Limited||Kotak Mahindra Bank Limited|
|Oriental Bank of Commerce||State Bank of Bikaner & Jaipur||State Bank of Hyderabad|
|State Bank of India||State Bank of Mysore||State Bank of Patiala|
|State Bank of Travancore||Syndicate Bank||The Federal Bank Limited|
|The Karur Vysya Bank Limited||The Saraswat Co-operative Bank Limited||UCO Bank|
|Union Bank of India||United Bank of India||Vijaya Bank|