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Tax deducted and collected on behalf of taxpayers.
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In case your tax credit is not reflected correctly in your Form 26AS, verify you PAN numbers and ask the deductor to file the TDS statement/correct statement at TIN Facilitation centers. Now after filing TDS return by the bank, a tax credit of ₹ 8,000 will get reflected in your respective Form 26AS. from April to June and then bank filed TDS return in July. Bank paid interest of ₹ 72,000 (₹ 80,000- ₹ 8,000) after deducting TDS of ₹ 8,000 under section 194A for the period of 3 months i.e. Let’s say you have a fixed deposit of ₹40 lakhs with Bank of Baroda 8% p.a. It shows the amount of Tax Deducted (TDS) from your income and is available as a credit against your tax liability if any. How to Convert 26AS Text file to Excel File?įorm 26AS is a consolidated Tax Credit Statement issued under rule 31 AB of Income Tax Rules of India to PAN Holders.
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