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Tax Credit Statement(Form 26AS)
Though the concept of 26AS(Tax Credit Satement) was introduced long back still many of us are not aware of 26AS. The Tax Credit or 26AS is an annual Tax Credit Statement of each PAN holder showing various details as reported to Income Tax Department for a particular year:
  • Tax deducted(TDS)/collected, deposited on our incomes. Like TDS by Banks on FD income, TDS on salary by employer, TCS on Car purchase of a value more then 10.00 lacs and many others.
  • Income Tax refund granted to us.
  • Tax paid as self assessment tax or as Advance Tax or against any Demand.
  • High value transaction(if any) reported by bank to Income Tax Department. Most common is applying for shares at the time of issue.
  • TDS(Tax deducted) on purchase of property.

How to view & Download Tax Credit Statement- 26AS?

Tax Credit-26AS is ultimately downloaded through TRACES only, however there are three options to nevigate to TRACES or 26AS. Following are the options through which 26AS can be downloaded. For the detailed Step by Step process click on the corresponding link:

  1. By logging on to your net banking account - Click Here to knoe How to View 26AS through Net Banking?
  1. By logging on to Income Tax department’s e-filing website - Click here to know How to View 26AS through e-filing website of Income Tax Department 
  1. By registering onto  TRACES portal directly. This option is not actually required unless you are a deductor or an explorer. I have just provided the URL to TRACES through which log in and then viewing of 26AS is to be done.
26AS can be downloaded using any of the above three options however I feel that mostly people find it convenient to download 26AS through net banking as generally net banking credentials are clear in our mind and we dont struggle for the log-in details.

Another option to download through your e-filing account at Income Tax portal is also pretty simple, you just need to remember your log-in credientials to income tax e-filing portal. My experience is that most of the people search for this just at the time of filing their Income Tax Returns and thats the reason why 26AS  from net banking feels more convenient.

How 26AS works & how is it useful?

The Mechanism of 26AS

When someone deducts tax on our income, he has to deposit the same in the government account against our PAN. Thse details are updated in 26 AS (Tax credit statement) which can be viewed online. We are allowed credit of only those taxes which are there in our 26 AS.

In a nut shell tax deducted against our PAN must be visible in our 26AS, to make us eligible to claim the same in our Income Tax Return.

Why is it important to Match 26AS?

26AS helps us to know exactly how much TDS is deducted by our employer/ Bank/ any other party. It makes us aware about the incomes reported by our deductor(employer/ Bank/ any other party) to the Income Tax Department. The income reported in our 26AS must always be reported and matched in the Income Tax returns.

Unnecessary demand notice may be avoided by reporting incomes already shown in 26AS. Refunds can be claimed of any extra taxes deducted on incomes and noticed only by viewing 26AS.

Tax demand notices are invited by not matching TDS details in 26AS. Its a pre-requisite to check 26AS and then file  Income Tax Returns matching everything with 26AS. In case of any mismatch, do take necessary action to get 26AS updated else unnecessary hassles in the form of Income Tax notices may be faced. Do drop a message to Arpita for a feed back or for a query at

Some other useful write ups:
TDS on property purchase
Avoid TDS by submitting Form 15G and Form 15H
Missed the due date of return filing! file it now as belated!
Filed return with mistakes!! File a revised return!!
Standard deduction from salary of Rs. 40000/ in detail...

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