What is Form 26AS?​

The Income-tax Department maintains a database of the total tax paid by the taxpayer (i.e., tax credit in the taxpayer's account).  Form 26AS is an annual statement maintained under Rule 31AB of the Income-tax Rules disclosing the details of the tax credits in his account in accordance with the database of the Income-tax Department. In other words, Form 26AS will reflect the details of the tax credit appearing in the permanent account number of the taxpayer in accordance with the database of the Income-tax Department. The tax credit will cover TDS tax and taxes paid by the taxpayer.

A taxpayer may pay tax in any of the following forms:

• Tax Deducted at Source (TDS)
• Tax Collected at Source (TCS)