Tax Didic at Source (TDS) is a system that helps the government to collect advance tax on various types of income. It is necessary to regularly check your TDS situation so that there is no problem while filing the Income Tax Return (ITR) and it can be ensured that the cut TDS amount is correctly credited to your account.
How to check TDS situation via PAN card:
- Go to Income Tax website:
- Enter Verification Code:
- Enter the captcha or verification code shown on the website and click on 'Proceed'.
- Fill PAN and TAN details:
- Fill the information of your PAN (Permanent Account Number) and TAN (tax deduction and collection account number).
- Select the financial year and quarter:
- Select the financial year and quarter for which you want to check the TDS position.
- Click 'Go':
- After filling all the details, click on 'Go'. TDS details for the financial year and quarter you choose will appear on the screen.
How to check TDS Credit Status via Form 26AS:
Income tax through e-filing portal:
- Go to Income Tax E-Filing portal:
- Register or login:
- If you are a user for the first time, register on the portal, otherwise login to your credentials.
- Go to 'My Account' tab:
- After login, go to the 'My Account' tab.
- Click on 'View Form 26AS':
- Go to the 'View Form 26AS' option by going to the 'My Account' tab.
- Select the financial year and PDF format:
- Choose the right financial year and select the PDF format.
- Download the form:
- Download it after the form is generated. This file will be password protected.
- Enter the date of birth:
- To open the form, enter your date of birth which is given in the PAN card.
How to check TDS status through income tax filing portal:
- Go to Income Tax E-Filing portal:
- Go to the portal and login.
- Click on 'My Account' tab:
- After login, click on the 'My Account' tab.
- Click on 'View Form 26AS':
- Click on 'View Form 26AS', so that you will be redirected on the portal of Traces (TDS Reconsions of Analysis and Correction Annelling System).
- Select the Assessment Year and File Format:
- Select the Assessment Year and File Format (PDF or XML).
- See tds details:
- Your TDS details will be displayed on the screen.
Why is TDS situation important?
TDS applies to different types of income, such as:
- Salary
- Interest on fixed deposits
- Rent
- Commission, etc.
Checking your TDS position ensures that tax is deducted correctly and credited to your account. You can claim this TDS amount as a tax refund in your income tax return (ITR).
By regular checking of TDS details, you can avoid any disturbances and easily file ITR.