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Wednesday, May 10, 2017

Where to See Tax Credit

How to view tax credit

A taxpayer can view the tax credit or the tax that has been deducted on his behalf in the form of TDS. This information is available in Form 26AS and can be downloaded from the Income Tax website. It provides information about the tax deducted by various entities on behalf of the taxpayer.


Form 26AS contains details of tax deducted at source on salary, interest income, real estate or other investments, advance tax, refund received during the year and other related information. The various ways to view one's tax credit: Income tax e-filing website The TRACES website The taxpayer's Internet banking access


Through income tax e-filing website

The site can be accessed on incometaxindiaefiling.gov.in. One must have a login id and password, or register on the website. On logging in, one can click on "My AccoutView Form 26AS". On clicking the same, the user will be redirected to the TRACES website. The user will have to select the assessment year for which he wishes to view Form 26AS. The form will be displayed and can be downloaded.

Through the TRACES website

Visit http:contents.tdscpc.gov.inen home.html and click on the "Tax Payer" tab. Next, click on "register as new user" page and carry out registration process.On successful registration, an activation link and codes will be sent to the registered email id and mobile number.After clicking on the activation link and entering the code, one can login to the TRACES website and access Form 26AS.

Tax payer's Internet banking access

A taxpayer who has Internet banking access with a bank authorised by the Income Tax Department to show tax credit, can use this facility. Log in to Internet banking and click on View Form 26AS. To know if a bank is authorised, one can visit http:contents.tdscpc.gov.inennetbanking.html.


View of Form 26AS through Internet banking is available only if the PAN is mapped to that particular account.


Only a PAN holder whose TDS has been deducted or who has deposited tax (self assessment tax, advance tax, TDS on property) can register on TRACES.








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