What is Form 26AS?

Form 26AS is a statement of all the taxes you have already paid. It gives an overall view of all the TDS deducted from your income in the financial year at various sources. These could be tax deducted on salary, commission income, interest received from Fixed deposits, etc. It also shows the details of the deductor of TDS, i.e. your employer, bank, or your tenant. Apart from TDS, Form 26AS also shows any advance tax or self-assessment tax that you may have paid during that financial year.

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  Form 16 is a certificate issued by your employer that contains the TDS which is deducted from your salary and deposited with the authorities. It also includes the other income sources of the employee and is issued every quarter. It contains all the ...

• What is form 15G/15H?

  Form 15G and Form 15H are forms you can submit to make sure TDS is not deducted on your income subject to certain conditions. Form 15H is for those who are above 60 years of age; while Form 15G is for others. These forms are valid for one financial ...

• How is form 16A different from Form 16?

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• How to Read Form 16

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• What is Form No. 16C?

  For the purpose of bringing the high rental income groups within the ambit of tax, the government in the Budget 2017 inserted a new Section 194IB. Under this section, individuals and HUF who pay rent of Rs 50,000 or above will have to deduct TDS at ...