Skip to main content

What is Tax Credit Statement (Form 26AS)?

A taxpayer pays taxes on the income by way of tax deducted at source (TDS) on salary, quarterly advance tax, self-assessment tax paid at the time of filing income tax return (ITR), etc. But is there an option to find the details of the taxes paid all at one place? 

What is Tax Credit Statement (Form 26AS)?

Tax Credit Statement (Form 26AS) is a consolidated statement of the tax paid / deducted / collected by a taxpayer for an assessment year. It includes tax deducted at source (TDS), tax collected at source (TCS), advance tax paid, self-assessment tax paid, etc. 

How to download Tax Credit Statement (Form 26AS)?

  1. Login to income tax e-filing portal (https://eportal.incometax.gov.in/iec/foservices/#/login).
  2. Go to ‘e-File’, click ‘Income Tax Returns’, then click ‘View Form 26AS’
  3. Click on ‘Confirm’
  4. Tick the checkbox agreeing to the usage and acceptance of Form 16/16A and then click on ‘Proceed’
  5. Click on ‘View Tax Credit (Form 26AS)’
  6. Assessment Year – Select the assessment year for which you wish to view Form 26AS
  7. View as – Select HTML from the dropdown
  8. Click on ‘View or Download’. Now you can view Form 26AS in web page format. If you wish to save it as PDF, click on ‘Export as PDF’.

What are different parts of Tax Credit Statement (Form 26AS)?

  • PART A – Details of Tax Deducted at Source – includes the details of TDS deducted from salary, interest income, pension, etc. 
  • PART A1 – Details of Tax Deducted at Source for 15G / 15H – includes the details of income where Form 15G / 15H is submitted by the taxpayer and hence TDS was not deducted. 
  • PART A2 – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA / TDS on Rent of Property u/s 194IB / TDS on payment to resident contractors and professionals u/s 194M (For Seller / Landlord of Property / Payee of resident contractors and professionals) – includes the details of TDS deducted from sale value of immovable property, rental income, income of contractors and professionals.
  • PART B – Details of Tax Collected at Source – includes the details of TCS collected by the seller on sale of goods.
  • PART C – Details of Tax Paid (other than TDS or TCS) – includes the details of advance tax and self-assessment tax paid.
  • Part D – Details of Paid Refund – includes the details of tax refunded by the income tax authorities.
  • Part E - Details of SFT Transaction – includes the details of high value transactions reported by ‘specified persons’ like banks, mutual funds etc.
  • PART F – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA / TDS on Rent of Property u/s 194IB / TDS on payment to resident contractors and professionals u/s 194M (For Buyer / Tenant of Property / Payer of resident contractors and professionals) – includes the details of TDS deducted from purchase value of immovable property, rent payments, payments to contactors and professionals.
  • PART G – TDS Defaults (Processing of Statements) – includes defaults relating to processing of statements and does not include demand raised by the respective Assessing Officers.
Follow at - Telegram   Instagram   LinkedIn   Twitter

Labels:

Comments

Post a Comment

Popular Posts

National Strategy for Financial Inclusion (NSFI) 2025-30

Reserve Bank of India (RBI) has published National Strategy for Financial Inclusion (NSFI) 2025-30. Financial Inclusion The Committee on Financial Inclusion (Chairman: Dr C Rangarajan, RBI, 2008) defined financial inclusion as “the process of ensuring access to financial services, timely and adequate credit for vulnerable groups such as weaker sections and low-income groups at an affordable cost”. The Committee on Medium-Term Path to Financial Inclusion (Chairman: Shri Deepak Mohanty, RBI, 2015) viewed financial inclusion as, “convenient access to a basket of basic formal financial products and services that should include savings, remittance, credit, government-supported insurance and pension products to small and marginal farmers and low income households at reasonable cost with adequate protection progressively supplemented by social cash transfers, besides increasing the access of small and marginal enterprises to formal finance with a greater reliance on technology to cut costs an...
Post a Comment
Read more

RBI’s Monetary Policy (December 05, 2025): In A Nutshell

The bi-monthly monetary policy of Reserve Bank of India (RBI) was announced on December 05, 2025. Here are some of the highlights of the monetary policy announcement. Rates   Change Rate Policy repo rate Reduced by 25 bps 5.25% Standing deposit facility (SDF) rate 5.00% Marginal standing facility (MSF) rate 5.50% Bank rate 5.50% Monetary policy stance Monetary policy stance unchanged as ‘neutral’. Domestic Economy  Real Gross Domestic Product (GDP) growth accelerated to 8.2% in Q2, buoyed by strong spending during the festive season which was further facilitated by the rationalisation of the goods and services tax (GST) rates.  Real GDP growth for 2025-26 is projected at 7.3%. For the first time since the adoption of flexible inflation targeting (FIT), average headline inflation for a quarter at 1.7% in Q2, breached the lower tolerance threshold (2%) of the inflation target (4%). It dipped further to an all-time low of 0.3% in October 2025. The underlying inflation pressu...
Post a Comment
Read more

Export / Import of Currency and Possession / Retention of Foreign Currency

Reserve Bank of India (RBI) has updated the guidelines on export and import of currency. What are the guidelines on export and import of Indian currency? Transferor Transfer from Transfer to Nature of currency Maximum limit Person resident in India India Countries other than Nepal and Bhutan Currency notes of Government of India (GoI) and RBI notes ₹25000 per person Commemorative coins 2 coins Person resident in India gone out of India on temporary visit, on his return Countries other than Nepal and Bhutan India Currency notes of GoI and RBI notes ₹25000 per person Person resident outside India (not citizen of Pakistan / Bangladesh) visiting India India Any country Currency notes of GoI and RBI notes ₹25000 per person Any country India Person (not citizen of Pakist...
Post a Comment
Read more

Rupee Interest Rate Derivatives

Reserve Bank of India (RBI) has issued directions on rupee interest rate derivatives. What is Interest Rate Derivative (IRD)? Interest Rate Derivative (IRD) means a financial derivative contract whose value is derived from one or more Rupee interest rates, prices of Rupee interest rate instruments, or Rupee interest rate indices. To which transactions shall the directions be applicable? The directions shall be applicable to Rupee IRD transactions undertaken in the over-the-counter (OTC) market and on recognised stock exchanges in India. Forward Contracts in Government Securities shall be undertaken in the OTC market in terms of the Reserve Bank of India (Forward Contracts in Government Securities) Directions, 2025, dated February 21, 2025. Who are eligible participants in IRD markets? Resident Non-resident, through its central treasury or its group entity, where applicable.  What are the directions on trading of IRDs on recognised stock exchanges? A recognised stock exchange is per...
Post a Comment
Read more

What are Government Securities (G-Secs)?

Governments raise / borrow funds by issuing government securities to finance a variety of projects and activities. What is Government Security (G-Sec)? Government Security (G-Sec) is a tradeable instrument issued by the Central Government or the State Governments.  G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments. What are the tenures of G-Secs? G-Secs can be short-term securities (with original maturities of less than 1 year) or long-term securities (with original maturity of 1 year or more).  In India, the Central Government issues both short-term and long-term securities while the State Governments issue only long-term securities. What are the types of G-Secs? Government security Term Issued by Treasury Bills (T-bills) Short-term Central Government Cash Management Bills (CMBs) Short-term Central Government Bonds or Dated G-Secs ...
Post a Comment
Read more