Every year, the deadline for filing income tax returns is July 31. You will constantly come across two-income tax-related forms during this return filing season: Form 16 and Form 26AS. This article explains how to see and download Form 26AS in detail.
A certificate provided by an employer for tax deducted at source from your salary and lodged with the authorities is known as Form 16. Form 26AS is an annual credit statement that displays all taxes received by the Income Tax Department for your PAN for the previous fiscal year.
What is the purpose of Form 26AS?
One of the most critical documents to have when submitting an income tax return is Form 26AS. It’s an annual consolidated tax credit statement that lists all taxes received by the IT Department for your PAN during the financial year.
It lists all of the taxes that have been deducted from your PAN number from various sources. As a result, before completing your income tax return, you should always review and download Form 26AS for any anomalies.
Parts of Traces Form 26AS
Part A – Information about the tax deducted at the source.
You can view all of the TDS deducted from your salary, pension, or interest income in this section.
Part A1 – Information about Tax Deducted at Source for Forms 15G/ 15H
Since you submitted Form 15G or Form 15H with the deductor, this section provides details of income paid to you on which no TDS has been deducted. This money must be included in your taxable income for the year.
Part A2 – Tax Deducted at Source on Immovable Property Sales u/s 194IA/ TDS on Property Rent u/s 194IB (For Seller/Landlord Property)
Part B – Information on Taxes Collected at Source
Here you will find information on the tax collected at source (TCS) by the seller of goods.
Part C – Information on the Taxes Paid (other than TDS or TCS).
This information will appear if you have paid Advance Tax or Self-assessment Tax. You may also see the details of the challan that was used to pay the tax.
Part D – Paid Refund Information
This section will contain information on any refunds you received from the Income Tax Department throughout the fiscal year.
Part E — AIR Transaction Details
This section contains the information on all of your high-value transactions. Banks and other financial institutions disclose substantial sums of money deposited in savings accounts, high-value mutual funds, property purchases, and corporate bond purchases to the tax authorities.
Part F – Tax Deducted at Source on Immovable Property Sales u/s 194IA/ TDS on Property Rent u/s 194IB (For Buyer and Tenant of Property).
This section contains information on the TDS deducted prior to making a payment to the seller.
(Part G) – TDS Defaults (Processing of Statements)
This part of the form contains information on the defaults that apply to the processing of statements.
View and Download Form 26AS
You have two options for viewing and downloading it:
- Go to the TRACES website and download Form 26AS.
- Authorized banks’ Net Banking services can be used to view and download Form 26AS.
Visit the TRACES website to view and download Form 26AS.
To access and download it from the TRACES website, follow the steps outlined below.
Go to the e-filing website of the Income Tax Department (https://www.incometaxindiaefiling.gov.in/home). Use your User ID, Password, and Captcha to log in. If you are not already a registered user, you must first register on the e-filing website.
You must fill out your PAN number, name, and date of birth, as well as choose a password, in order to register. After you’ve completed the registration process, use your user ID and password to log in to the e-filing portal. Please keep in mind that your user ID will be your PAN number.
Once you’ve logged in, go to the main menu and select “My Account,” then “View Form 26AS (Tax Credit)” from the drop-down menu.
A “Disclaimer” can be found here. After reading, click the “Confirm” button. You will now be directed to the TRACES website.
You’ve arrived at the TRACES website. To agree to the use and acceptance of Form 16 / 16A generated from TRACES, check the box below. Select the box and then click the “Proceed” button.
On the next screen, click the option that says “View Tax Credit (Form 26AS).”
From the drop-down option, choose the “Assessment Year” for which you want to view/download your tax credit. From the drop-down menu, choose a file format for the “View As” option. If you wish to view it online, select HTML as the file format and go to the “View/Download” option. If you want to download form 26AS as a PDF, open it in HTML and then click the “Export as PDF” button.
The password to open the PDF/text file is your PAN card’s Date of Birth / Date of Incorporation. To open the file, type the date in the format DDMMYYYY.
View and Download Form 26AS via Net Banking facility of Authorized Banks
Form 26AS can be downloaded and viewed via an authorized bank’s Net Banking service.
You can also browse and download the Form using authorized banks’ Net Banking services. This service is available to PAN holders who have a net banking account with any authorized bank.
If your PAN number is linked to your bank account, you can use this service to view and download Income Tax Form 26AS. This service is provided at no cost to you. The following banks are authorized to offer this service.
- Allahabad Bank
- Andhra Bank
- Axis Bank Limited
- Bank of Baroda
- Canara Bank
- Bank of India
- Corporation Bank
- Bank of Maharashtra
- Central Bank of India
- Citibank N.A.
- City Union Bank Limited
- Dena Bank
- HDFC Bank Limited
- ICICI Bank Limited
- IDBI Bank Limited
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- Jammu & Kashmir Bank Ltd
- Karnataka Bank Limited
- Kotak Mahindra Bank Limited
- Oriental Bank of Commerce
- Punjab & Sind Bank
- Punjab National Bank
- State Bank of India
- Syndicate Bank
- The Federal Bank Limited
- The KarurVysya Bank Limited
- The Saraswat Co-operative Bank Limited
- UCO Bank
- Union Bank of India
- United Bank of India
- Vijaya Bank
- Yes Bank Limited
To use your bank’s internet banking website to download and see Form 26AS, follow the steps outlined below.
- Step 1: Go to http://contents.tdscpc.gov.in/en/netbanking.html and fill out the form.
- Step 2: Navigate to the website of the bank with whom you have internet banking. It’s also worth noting that your PAN has been accurately mapped.
- 3rd step: When you click on the relevant bank link, a notice will display prompting you to visit the bank’s website.
- Step 4: Use your Net Banking login credentials to log in to the Bank’s website.
- Step 5: To get the information, click on “Tax Credit Statement.”
Please click on register to create an account if you do not already have one.
Enter your User ID (PAN, AADHAR, or OTHER USER ID).
To access your form 26AS, click confirm to be redirected to the TDS-CPC (Traces) website.
To access form 26AS, go to the bottom of the page and click the link View Tax Credit (Form 26AS).
A taxpayer must complete the following steps in order to get Form 26AS:
Log on to the new incometax.gov.in website;
On the top right of the home page, click Login;
Select Income tax returns from the ‘e-file’ menu. Choose ‘View Form 26AS’.
After reading the disclaimer, click the ‘Confirm’ button.
The certificate must be in the specified Form 26A, according to this rule. In addition, the Central Board of Direct Taxes (CBDT) has issued Notification No. 11/2016, which specifies the procedure for filing Form 26A electronically for short/non-deduction of tax at source.