VIEW TAX STATEMENTS ONLINE

One of the most useful but under-utilized facility
available to tax payer to view the consolidated tax
statement online. This facility is available under the tax
information network and accessible thru NSDL web site
www.tin-nsdl.com. This feature will assume significance
once the dematerilisation of TDS process starts.
Consolidated Tax Statement in Form 26AS
Form 26AS is a consolidated tax statement issued under
Rule 31 AB of Income Tax Rules to the PAN holders. This
statement, with respect to a financial year, will include
details of
• tax deducted at source (TDS);
• tax collected at source (TCS); and
• advance tax/self assessment tax/regular
assessment tax etc., deposited in the bank by the
taxpayer
Information in 26AS
The Form 26AS is divided into three parts, Part A, B & C :
Part A displays details of tax which has been deducted
at source (TDS) by various deductors. The following
information will be displayed
Name & TAN of Deductor section under which
deduction made date on which payment was effected
amount paid/credited tax deducted tax deposited
Part B displays details of tax collected at source (TCS) by
the seller of specified goods. Details similar to those
displayed in Part A in respect of the seller and the tax
collected will also be available.
Part C displays details of income tax directly paid by you
(like advance tax, self assessment tax) and details of the
challan through which you have deposited this tax in the
bank.
TDS/TCS Details
• The non government Deductors deposit the tax to the
government account through a bank.
• Banks will upload this payment-related information to
the TIN central system.
• The deductors are also required to file a quarterly
statement to TIN giving the details of their TDS/TCS.
• The TIN central system will match the tax paymentrelated
information in the statement with the tax
receipt information from the banks.
• If both of these match, TIN will create From 26AS for
each PAN holder giving details of the tax
deducted/collected on this basis by every deductor
who has filed the statement.
Currently TDS / TCS details by government Deductor do
not appear in the Form 26AS

Income tax deposited in the banks
• Whenever a tax payer deposit advance tax/self
assessment tax directly to bank, the bank will
upload this information to the TIN central system
three days after the cheque has been cleared.
• This information is posted in Part C.
Usefulness of Form 26AS
The credits available in the tax statement confirm that:
• the tax deducted/collected by the deductor/collector
has been deposited to the account of the
government;
• the deductor/collector has accurately filed the
TDS/TCS statement giving details of the tax
deducted/collected on your behalf
• bank has properly furnished the details of the tax
deposited by you.
In future, you will be able to use this consolidated tax
statement (Form 26AS) as a proof of tax
deducted/collected on your behalf and the tax directly
paid by you along with your income tax return
This will happen only when the need for submission of
TDS/TCS certificates and tax payment challans along
with income tax returns is dispensed with by the Income
Tax Department (ITD). This is scheduled to happen for
the Financial year 2008-2009.
Tax details not appearing in Form 26AS
Under the following circumstances, the information
contained in Form 26AS will be incomplete
• Deductor
- has not paid the tax deducted
- has not submitted electronic tds statement
- has submitted tds statement but the challan details
are not matching with the details uploaded by bank.
- has mentioned incorrect PAN
• Bank
- has not uploaded challan details
- has made error in mentioning PAN
Currently the major problem in correct generation of tax
statement is non-matching of eTDS statements with the
challan details submitted by banks.
Viewing Tax Credit
You can view tax credit statement online by visiting View
Tax Statement link on the web site www.tin-nsdl.com.
For this you need a login and password.
Getting password is a one time activity & can be done by
• Online registration by filling up a simple form on the
web site
• Personally visiting TIN-FC for verification of identity
• After successful verification, the user id and password
will be activated