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Form 26AS, Form 16 and Refund Status

Friends, while submission of Annual Income Tax Return at the end of Fin. Year to Income Tax Department, the Annual Tax Credit statement u/s. 203AA as Form 26AS which contains the Details of Tax Deducted/Collected at Source by the Taxpayee as in Part-A of the Form 16 or 16A. This data available with the Department of OLTAS i.e. On Line Tax Accounting System.

Contains of Tax Credit Statement Form 26AS:
  • Details of tax deducted on behalf of the taxpayer by deductors,
  • Details of tax collected on behalf of the taxpayer by collectors,
  • Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders),
  • Details of paid refund received during the financial year,
  • Details of the High value Transactions in respect of shares, mutual fund etc.
Three Way to viewed/accessed Form 26AS:
  1. View Tax Credit from https://incometaxindiaefiling.gov.in : Taxpayers who are registered at the above potal viz. https://incometaxindiaefiling.gov.in can view 26AS by clicking on 'View Tax Credit Statement (From 26AS)' in "My Account". For "New Registration", Click on 'Register' on the portal. The registration process is user-friendly and takes minimal time.
  2. View Tax Credit (Form 26AS) from bank site through net banking facility: The facility is available to a PAN holder having net banking account with any of authorized banks. View of Tax Credit Statement (Form 26AS) is available only if the PAN is mapped to that particular account. The facility is available for free of cost.
  3. View Tax Credit (Form 26AS) from TIN website : The facility is available to PANs that are registered with Tax Information Network for view of 26AS statement. The PAN holder has to fill up an online Registration form for such purpose. Thereafter, verification of PAN holder's identity is done by the TIN-Facilitation Centre personnel either at PAN holder's address or at the TIN-facilitation center that has been chosen by the PAN holder. The verification involves a cost at prescribed rates. Once authorised, the PAN holder can view Tax Credit Statement online.
List of banks registered with NSDL for providing view of Tax Credit Statement (Form 26AS) are as below:
1. Axis Bank Limited
2. Bank of India
3. Bank of Maharashtra
4. Citibank N.A.
5. Corporation Bank
6. ICICI Bank Limited
7. IDBI Bank Limited
8. Indian Overseas Bank
9. Indian Bank
10. Kotak Mahindra Bank Limited
11. Oriental Bank of Commerce
12. State Bank of India
13. State Bank of Mysore
14. State Bank of Travancore
15. The Federal Bank Limited
16. UCO Bank
17. Union Bank of India
18. Bank of Baroda
19. Karnataka Bank
20. The Saraswat Co-operative Bank Limited
21. City Union Bank Limited
22. State Bank of Patiala

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