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

Option 1

If you are registered with income tax efiling you can view / download form 26AS by logging into Income tax efiling website.

Option 2

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