Form 26AS

Guide on Form 26AS – How to View Form 26AS and Download it

The Income Tax law in India has a concept of withholding some amount as tax at its origin. This is commonly referred to as Tax Deducted at Source a.k.a. TDS. The provisions of TDS are applicable on most of the income and the deductor is liable to pay this amount to Income Tax Department. If you are salaried person, then your employer might be crediting your salary after deducting some amount as tax i.e. TDS. To verify whether the deductor has deposited the tax collected on behalf of you, we have Form 26AS. It is called as tax credit statement.

What is Form 26AS?

Form 26AS is the tax credit statement which consist details of:

  • Tax deducted by deductors on your income (TDS)
  • Tax collected by collectors (TCS)
  • Advance / Self-Assessment tax paid by you
  • Refund credited to you by Income Tax Department
  • AIR Transactions (High value transactions)

The TDS/TCS deducted by the deductor is reflected in form 26AS of the respective PAN. For instance, if your employer has deducted tax from your salary, then the amount of tax deducted should reflect in your form 26AS. Similarly, if you are getting interest from bank or some other party, then tax deducted on this should reflect in your form 26AS. The credits available in the tax statement is a proof that the tax deducted has been deposited with government by the deductor. These details are updated quarterly when TDS return is filed by the deductor.

Parts of Form 26AS

The Form 26AS is divided into different parts which we will discuss one by one.

  • PART A: Details of Tax Deducted at Source
  • PART A1: Details of Tax Deducted at Source for 15G / 15H
  • PART A2: Details of Tax Deducted at Source on Sale of Immovable Property (For Seller/Landlord of Property)
  • PART B: Details of Tax Collected at Source
  • PART C: Details of Tax Paid (other than TDS or TCS)
  • PART D: Details of Paid Refund
  • PART E: Details of AIR Transaction
  • PART F: Details of Tax Deducted at Source on Sale of Immovable Property (For Buyer/Tenant of Property)
  • PART G: TDS Defaults (Processing of Statements)

PART A: Details of Tax Deducted at Source

The Part A of the Form 26AS contains the details of tax deducted at source on your income. If tax has been deducted on your salary, interest income, winnings from lotteries, professional fees, contract amount, rent income etc. then it will be reflected here. Along with the tax amount, name and TAN of the deductor is shown here. Further, it also reflects under which section of Income Tax Law the tax is deducted. In case of salary, it will show section 192 of the Income Tax Act, 1961.

PART A Form 26AS

Part A

PART A1: Details of Tax Deducted at Source for 15G / 15H

Part A1 contains the details of TDS for which form 15G/15H has been submitted to bank. If you are not liable to pay income tax and your total income does not exceed the basic exemption limit of ₹  2,50,000 (₹ 3,00,000 for senior citizen), then you are required to furnish declaration to the bank in form 15G (if you are individual/HUF less than 60 years of age) and form 15H (for senior citizen). If you have submitted form 15G/15H, then income details will appear in this section. If you have not submitted the forms, this part will display ‘No transaction present‘.

PART A2: Details of Tax Deducted at Source on Sale of Immovable Property (For Seller/Landlord of Property)

This part contain the details of tax deducted at source from your sale consideration by way of sale of immovable property (section 194IA). This part also contain details of tax deduction on rent received from individual/HUF in excess of ₹ 50,000 per month (Section 194IB).

PART A1 and A2 of form 26as

Part A1 and A2

PART B: Details of Tax Collected at Source

Part B contains the details related to tax collected at source (TCS) by the seller. It shows details of tax which has been collected from you by the seller of specified goods and deposited with Income Tax Department. Along with the tax amount, name and TAN of the collector (seller) is also reflected.

PART C: Details of Tax Paid (other than TDS or TCS)

This part contains details of self assessment tax, advance tax and any other taxes paid including tax on regular assessment. It also shows date of payment of tax and challan serial number. After making payment, it takes around 2-3 days to reflect in form 26AS.

Part B and C of Form 26as

Part B and C

PART D: Details of Paid Refund

Part D shows details of refund credited to your bank account during the year. It shows the assessment year for which the refund is paid along with mode of payment (ECS or Cheque), amount, interest thereon and date of payment into your account. 

Part D of form 26as

Part D

PART E: Details of AIR Transaction

AIR transactions are high value transactions reflected in the Annual Information Return (AIR) of Banks, Mutual Funds, listed companies etc. If during a year, you have purchased mutual funds of say, ₹ 2,50,000, then the mutual fund will treat this as high value transaction and this will be reflected in its AIR return. This ultimately will be reflected in this part of your form 26AS.

PART F: Details of Tax Deducted at Source on Sale of Immovable Property (For Buyer/Tenant of Property)

If you are buyer of the immovable property (purchase value more than ₹ 50,00,000), you have to deduct tax before making payment to the seller (section 194IA). If you are tenant and have paid monthly rent of more than ₹ 50,000, then you are also required to deduct tax at source from that rent (section 194IB). The details of deductions with respect to Name of the deductee(Seller/landlord), PAN of deductee, transaction date, transaction amount and total TDS deposited are reflected in this part.

PART G: TDS Defaults (Processing of Statements)

If there are any TDS defaults pertaining to quarterly statements (TDS return), then it will be reflected in this part.

Part E F and G of Form 26as

Part E F and G

Status of Booking

Whenever, TDS/TCS statements (return) are submitted by the deductor/collector, it gets updated in the Form 26AS of the deductee. You have to look at booking status to check whether information has been correctly shown by the deductor. The following legends are used in Form 26AS:

F – Final – When payment details of TDS / TCS deposited in banks by deductors match with payment details mentioned in the TDS / TCS statement filed by deductor, status is displayed as Final (F).

O – Over booked – When payment details of TDS / TCS deposited in bank by deductor have matched with details mentioned in the TDS / TCS statement but the amount is over claimed in the statement, status is displayed as Overbooked (O). Final (F) credit will be reflected only when deductor reduces claimed amount in the statement or makes new payment for excess amount claimed in the statement.

U – Unmatched – When payment details mentioned in the statement by deductor cannot be matched or found in OLTAS / banks, status is updated as Unmatched (U).

P – Provisionally Booked – Provisional tax credit is effected only for TDS / TCS Statements filed by Government deductors.”P” status will be changed to Final (F) on verification of payment details submitted by Pay and Accounts Officer (PAO). 

How to Download Form 26AS?

There are two ways in which you can download and view your Form 26AS. 

From Income Tax Website

#1. If you are registered user on Income Tax website, log in to your e-filing account with your PAN as user id, password and date of birth.

#2. After logging in, go to ‘My Account‘ and click on ‘View Form 26AS (Tax Credit)’

View Form 26AS

#3. Now, click on confirm. You will be redirected to the TRACES website.

#4. On TRACES Website, please check the box and click ‘Proceed’.

#5. Now, click on the link at the bottom of the page (as shown in the image below).

#6. Select the Assessment Year for which you want to view your Form 26AS. If you want to view it online, then you can choose ‘View as’ HTML. If you want to download PDF, choose PDF, enter captcha and click on View/Download. Password for opening Form 26AS is your date of birth/date of incorporation as mentioned on PAN card in ddmmyyyy format. For example, if your DOB on PAN card is 03/04/1985, then password will be 03041985.

Through Internet Banking

You can view Form 26AS through your Internet Banking account also. Income Tax Department has authorized almost all major banks to access Form 26AS through net banking. The prerequisite to view Form 26AS is that your PAN should be linked to your bank account number.

Common issues with Form 26AS

#1. Error – If there are errors in your Form 26AS, then you have to contact following persons:

Part of Form 26AS in which there is error Contact Person
Part A Deductor
Part A1 Deductor
Part A2 Deductor
Part B Collector
Part C Assessing Officer/Bank
Part D Assessing Officer/ITR-CPC
Part E Concerned AIR Filer

#2. Negative Entries – Negative entries appear when due to error TDS/TCS return is rectified. After rectifying original credit entry will be reversed by debit entry and a new credit entry will be posted (if required).  

#3. TDS not appearing in Form 26AS – TDS amount will appear in Form 26AS only after deductor has submitted the TDS statments (return) and with the correct PAN. You should contact deductor to ensure filing of TDS statements with correct PAN.

#4. Entries not pertaining to me – If your Form 26AS contains entries of TDS/TCS credit that does not belongs to you, you must contact your deductor/collector. If it is related to advance tax or self-assessment tax, then you must intimate your jurisdictional Assessing Officer.

Form 26AS is an important document for filing your Income Tax Return. Make your TDS is reflected correctly in Form 26AS as your refund claim is entirely dependent on the correctness of your Form 26AS.

If you have any concerns regarding Form 26AS, please comment below or mail us to [email protected] to resolve these.

Pratik Gelda

I'm a qualified Chartered Accountant and I love to write about economics, finance, taxation and investments. My aim is to make my readers economically literate and financially independent

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