Form 26AS: Tax Credit Statement

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Hiral Vakil

Form 26AS
ITR Form
Tax Credit Statement
Last updated on September 28th, 2023

It is known that filing an ITR requires a dozen documents, which are essential for a person’s tax liability. Form 26AS is one such document which is a consolidated tax credit statement. It is important to know the details relating to this form to be able to file a return accurately.

What is Form 26AS?

Form 26AS is an annual consolidated credit statement that provides the details of the taxes deposited with the government by a taxpayer. Form 26AS can be accessed by a taxpayer from the Income Tax Portal using the PAN.

What does it include?

From AY 2023-24 onwards, Form 26AS will include every transaction where tax has been deducted (TDS) from a person’s income, be it by their employer or a bank, or any other person, and tax that has been collected (TCS) from a person. Ins short, it contains:

With this document, it is ensured that accurate tax has been deducted/collected from the taxpayer’s income and has been deposited with the government.

It is a very important document to have while filing ITR. However, you would not want to miss out on tax credits while filing ITR. You can download Form 26AS from the Income-tax e-filing website. The file that the user downloads are password protected. Form 26AS password is the D.o.B (Date of Birth) of the deductee.

CBDT Announcement Regarding New Form 26AS & AIS

The Ministry of Finance has released a new avatar of Form 26AS applicable from 1st June 2020. The notification states that Form 26AS will be divided into two parts; Part A and Part B. Form 26AS contains basic personal information of the taxpayer such as PAN, name, address, etc of the taxpayer. This helps taxpayers file their ITR with all the basic details available in Form 26AS.

Furthermore, the ITD has introduced the AIS (Annual Information Statement) will now incorporate all the information related to the following:

Sl. No. Nature of Information
1. Information relating to specified financial transactions (Property & Share Transaction Details)
2. Information relating to the payment of taxes (advance tax & self-assessment tax)
3. Information relating to demand and refund
4. Information relating to pending proceedings
5. Information relating to completed proceedings
6. Any other information in relation to sub-rule (2) of rule 114-I
7. Information related to foreign remittances


Sample Form 26AS: Annual Tax Statement

Form 26AS - Tax Credit Statement

Components of Form 26AS Tax Credit Statement

From AY 2023-24 onwards, these details shall be available in the AIS (Annual Information Statement).

Form 26AS Download: Step by Step Guide

Follow the steps given below to download Form 26AS

  1. Login to the Income Tax e-Filing portal

    You will land on the dashboard of the new income tax - Dashboard

  2. Navigate to eFile

    Click on eFile and then click on income tax returns from the - Income Tax Return

  3. View Form 26AS

    Now, click on View Form 26AS from the - Form 26AS option

  4. Disclaimer

    Click on - Disclaimer

  5. Navigate to TRACES

    Once you are redirected to TRACES, you will have to click on proceed to the disclaimer that appears on the - TRACES Homepage

  6. View Form 26AS option

    Click on the option to View Tax Credit (Form 26AS).TRACES - View Form 26AS

  7. Download Form 26AS

    Select the appropriate assessment year and “Text” under the view as option and click on the option to export the document as a PDF.TRACES - Download Form 26AS

How to View Form 26AS?

Individuals have the option to view Form 26AS from the TRACES portal and can also download it as shown in the previous section. The Income Tax Form 26AS is linked with the PAN. Taxpayers can view Form 26AS by using net banking from the FY 2008-2009. They can view the Tax Credit Statement only if the PAN is linked to the particular account. This facility is available for free.

Check which ITR Form to file?
Income Tax Return Forms to file depends on your Income Source, Residential Status, and other financial situation. Know which ITR Form you should file.
Check which ITR Form to file?
Income Tax Return Forms to file depends on your Income Source, Residential Status, and other financial situation. Know which ITR Form you should file.

Actual TDS and TDS Credit in Form 26AS do not match

Every person deducting tax at source has to furnish the details of tax deducted by them to the IT Department. On the basis of the details of TDS provided by the deductor, the Income Tax Department will update Form 26AS of the deductee.

Often the actual amount of TDS and TDS credit as appearing in Form 26AS may differ and it may happen that the TDS credit appearing in Form 26AS may be less as compared to the actual TDS, this may happen due to reasons like non-furnishing of TDS details to the IT Department by the deductor, deducting the tax in incorrect PAN, etc. ​If a discrepancy is due to the deductor, then they may file the TDS/TCS correction statement and correct the same.

The Income Tax Department updates the TDS details in Form 26AS on basis of details provided by the person deducting the tax (i.e., the deductor), hence, if there is any default on the part of the deductor like non -furnishing of TDS details (i.e., TDS return) to the ITD, deducting the tax in incorrect PAN, etc. then Form 26AS will not reflect the actual TDS. The taxpayers are advised to confirm the tax credit appearing in Form 26AS and should reconcile the difference if any. 

Steps to Convert Tax Credit Statement Text File to Excel Format

TRACES - Enter Password To Access Form 26AS Text File
Form 26AS Text File
Copy Form 26AS Text file data to Excel Sheet
Convert Form 26AS data from Text to Columns in the Excel Sheet
TRACES - Delimiters
TRACES - Column Data Format
TRACES - Form 26AS Excel Sheet Format


Can I claim TDS in my return without Form 16?

Yes, the TDS credit in your case will be reflected in your Form 26AS, and, hence you can claim the same while filing ITR. However, the claim of TDS to be made in your return of income should be strict as per the TDS credit being reflected in Form 26AS.

What to do if the TDS credit is not reflected in Form 26AS?

Non-reflection of TDS credit in Form 26AS can be due to several reasons such as non-filing of the TDS statement by the payer, quoting incorrect PAN of the deductee in the TDS statement filed by the payer. Thus, in case of a non-reflection of TDS credit, the payee has to contact the payer for ascertaining the correct reasons for the non-reflection of the TDS credit.

How to resolve unmatched entries in Form 26AS?

There can be one or more of the following reasons for ‘U’-unmatched status.
Deductor/Collector did not file TDS/TCS Return.
​Deductor/Collector has not/incorrectly quoted your PAN in the TDS/TCS Return.
​You have not provided your PAN or your provided PAN is incorrect.
Take the following steps in such cases:
​Cross-check the TDS information with Form-16 &/or Form-16A.
​Ask your deductor to revise the TDS return.
​Once they do it and it’s submitted to the department, ask them to update your TDS details.

How can I rectify any errors in my form 26AS?

You cannot rectify the errors yourself in form 26AS. The only way rectification can be done is by informing the deductor to file a correct TDS return.