Glossary · Income Tax
Form 26AS
The annual tax credit statement showing TDS/TCS deducted or collected and advance or self-assessment tax paid against a taxpayer’s PAN.
Form 26AS is maintained on the income-tax compliance portal and records taxes credited to a taxpayer against their PAN — TDS deducted by deductors, TCS collected, and advance tax or self-assessment tax paid — along with, in many cases, a summary of specified financial transactions. It is used to confirm that tax deducted on income has actually been deposited and to reconcile credits before filing the return.
Examples
A salaried employee reviews Form 26AS to verify that the employer’s TDS has been deposited before filing the ITR.