Taxation
Form 26AS
pronounced: [F-o-r-m- -2-6-A-S]
A consolidated tax statement showing TDS, TCS, and advance tax paid against the PAN.
It is available on the Income Tax e-filing portal and is essential for verifying tax credits before filing ITR.
Example
For FY 2024-25, an individual earning ₹15 lakh/year in the new tax regime pays ₹1.04 lakh tax (after standard deduction). This includes zero tax up to ₹7 lakh under Section 87A rebate. Old regime tax on the same income would be ₹1.56 lakh (without deductions).
Frequently Asked Questions
Last updated: 21 May 2026