Cool 26as And Form 16

Form 26AS A Form to check TDS Deposits. One of the key bits of information available from Form 16 Part A is a detailed record of the TDS deposits made by the employer on behalf of the employee. The department relies on the Form 16 issued by the employer.

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However one step that most of us overlook is to ensure that all the details in the Form 16 are accurately matched with Income Tax Form 26AS.

26as and form 16. The TDS amounts reflected in Form 26AS and Form. On the other side as a part of e-governance tax payer is provided 26AS annual statement showing his total TDS deducted during the year. View Tax Credit Statement Form 26AS Perform the following steps to view or download the Form-26AS from e-Filing portal.

We are sure you already know how your Form 16 looks like. Form 26AS is a summary of both the forms combined giving you a consolidated PAN account statement that annually shows all your tax credits. Form 16 Part A contains your name address and PAN as well as that of your employer.

So TDS deductions that are given in Form 16 Form 16 A can be cross checked using Form 26AS. Additionally it also mentions the deductors TAN and details of TDS. It happened in many cases where Form26AS income is more than Form 16 because many employers consider Gross salary and not taxable salary at the time of filing TDS return due to which difference arisesYou should disagree with the demand and attach Form 16.

If your Form 26AS captures all the TDS deducted by the person making the payment to you then Form 16A per se is not required for the sole purpose of filing ITR. Form 26AS Form 26AS is a consolidated annual statement that gives details of tax credits against the PAN of the taxpayer. It is for this reason that the department DOES NOT consider salary as per the TDS returnForm 26AS.

Form 26 AS allows you to correlate the TDS data provided in Form 16. This facility is available on income tax portal wwwincometaxindiagovin. You get Form16 for the TDS on salary annually and Form 16A from your depositor every quarter.

Form 16 is a TDS certificate on salary and Form 26AS contains details about the tax that has been deducteddeposited with the government on taxpayers behalf by deductors banks or employers. Form 16 is important because it provides you with easy access. Salary in Form 16 is annual salary 26AS shows salary on which TDS paid Tax deducted from salary has been filled in TDS 1 but my gross salary is.

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