Learn about Income Tax Credit Statement Form 26AS, what it includes, when should you need it, how to download it, what to do if there are errors and omissions, Actions to correct the details in Form 26 AS and Mismatch between Form 26AS & TDS Certificates (Form 16 / 16A).
Topics covered in this article
What is Form 26AS (Annual Information Statement)?
Form 26AS is an annual information statement that shows various details including Tax Deducted / Collected at Source, Advance Tax / Self – Assessment Tax, Specified Financial Transactions Demand / Refund Pending / completed Proceedings for a taxpayer’s PAN as per ITD’s database.
A taxpayer may pay tax in any of the following forms:
- Tax Deducted at Source (TDS)
- Tax Collected at Source (TCS)
- Advance Tax or Self-Assessment Tax
The Income Tax Department maintains a database of the total tax paid by all taxpayers, which is called tax credit in the taxpayer’s account. The ITD generally allows taxpayers to claim the credit of taxes as reflected in their Form 26AS.
How to Download Form 26 AS
View Tax Credit Statement (Form 26AS)
Things you need before downloading Form 26 AS
- USER ID (Your USER ID is your PAN – permanent account number)
- Date of Birth
You can follow the given steps to view or download the Form-26AS from e-Filing portal:
- Step 1: Logon to official ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in
- Step 2: Go to the ‘My Account’ menu, click ‘View Form 26AS (Tax Credit)’ link.
- Step 3: Click ‘Confirm’ on the disclaimer, and the user will be redirected to TDS-CPC Portal.
- Step 4: In the TDS-CPC Portal, Agree the acceptance of usage. Click ‘Proceed’.
- Step 5: Click ‘View Tax Credit (Form 26AS)’
- Step 6: Select the ‘Assessment Year’ and ‘View type’ (HTML, Text or PDF)
- Step 7: Click ‘View / Download’
What should I do if there are errors and omissions in Form 26AS ?
Errors or omissions in your Form 26AS (Annual Information Statement) may happen due to several reasons, such as
- Non-filing of TDS return by Deductor
- Non-payment of TDS by Deductor
- Quoting of wrong AY or wrong PAN (or no PAN)
- Incorrect challan details in the TDS returns submitted
- Challan details wrongly quoted in the TDS return by Deductor or in details uploaded by the bank
Actions to correct the details in Form 26 AS
You can take the following action to correct the details in your Form 26AS:
- Provide a correction statement (via NSDL website) for only those records that require correction.
- In cases of a mistake made by the Deductor (e.g., your employer), you should contact the Deductor and request them to:
- File the TDS return if it is still pending
- Furnish a revised TDS return if they filed the return with incorrect details / wrong or no PAN
- If there is a mistake made by the bank (e.g., in tax amount, PAN), you should request the bank to rectify it in the challan details uploaded by the bank
Especially in cases of tax amount being wrong, it is mandated that you get it corrected – else you will not get a tax credit for deductions that are not mentioned in Form 26AS.
Mismatch between Form 26AS & TDS Certificates (Form 16 / 16A)
One of the most frequently asked questions is “There is a mismatch between the details in my Form 26AS and TDS certificates (Form 16 / 16A). What should I do?”
Some of the common errors leading to mismatch between Form 26AS and Form 16 are as follows:
- Non-filing of TDS return by Deductor
- Wrong PAN number of the employee quoted by the Deductor.
- Wrong PAN / TAN of Deductor / AY quoted
- Wrong Challan Identification Number (CIN) of TDS payment quoted in TDS Return
- Omitted detail of TDS payment
- Challan-wise annexure in TDS Statement does not mention details of the employee (e.g., name or gender)
- False / Excess TDS amount claimed in the return
Compare the figures in Form 26AS with that of Form 16 and Form 16A. Mismatches between your Form 26AS and Form 16 or TDS certificates may lead to less refund or more taxes payable. If you find that any of the above details don’t match:
- You need to inform the party responsible for deducting TDS from your income (i.e., your employer).
- The employer has to file a revised TDS Return. Ensure that the details are correct in the revised TDS return to avoid another mismatch.