It is an important document that taxpayers need to refer to while filing their income tax returns as it helps in calculating the total tax liability for the year and verifying the taxes paid with the tax department. It also shows details of the tax refund that you may have received during the financial year. It contains all the details of the taxes that have been deducted from your income and deposited with the government by your employer, bank, or any other deductor.įorm 26AS includes information on tax deducted at source (TDS), tax collected at source (TCS), advance tax, self-assessment tax, and regular assessment tax. Form 26AS is a consolidated tax credit statement issued by the Income Tax Department.
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