The Tax credit Statement (Form 26AS) helps to taxpayers in following aspect of tax responsibility
- Preparing income tax returns
- Verify detail of tax deducted at source (TDS)
- Verify detail of tax collected at source
- Verify detail of tax payment made by taxpayer (advance tax/self assessment tax)
- Detail of refunds
The Tax Credit Statement (Form 26AS) are generated wherein valid PAN has been reported in the TDS returns as well as in the OLTAS challans. One of the modes through which tax payer can avail view of Tax Credit Statement (Form 26AS) is through net banking facility provided by banks. To avail this facility, the PAN holder is required to have net banking account with any of authorized bank, where in view of Tax Credit Statement (Form 26AS) can be made available to PAN holder which is mapped to that particular account. To provide this facility to net banking account holder, bank should get registered them self with National Securities Depository Limited (NSDL).
List of banks registered with NSDL for providing view of Tax Credit Statement (Form 26AS) are as below
- Citibank N.A.
- Corporation Bank
- IDBI Bank Limited
- Indian Overseas Bank
- State Bank of India
- Union Bank of India