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News INCOME TAX

  • Aug 26, 2025
  • Income Tax: What to do when TDS details in Form 16 and 26AS do not match? An explainer

    Income Tax: The last date to file income tax return (ITR) of September 15 is drawing closer. This is the time to hurry through your return filing process but carefully. While filing your income tax return, in case you noticed that the TDS details in form 26AS and Form 16 do not match - then it is important to cross verify the information.

    There could be instances when TDS detail is given in one form and missing in other. Then it is vital to reconcile these forms before filing your return.

    Those who are not aware, these are the details of these forms:

    Form 16: It is a TDS (tax deducted at source) certificate issued by the employer to employees detailing information pertaining to tax deducted at source (TDS).

    Form 26AS: It is a statement which provides details of any amount deducted as TDS or TCS from various sources of income of a taxpayer. It also shows details of advance tax/self-assessment tax paid, and high-value transactions entered into by the taxpayer.

    Annual Information Statement (AIS): It is a statement which provides complete information about the prepaid taxes and prescribed financial transactions entered into by taxpayer for a particular financial year