PAN Holders- View Your Income Tax Credit Status Online

Few days back when Archana (name changed) received her income tax refund along with the assessment order sent by the Income Tax Department, she found that the amount of refund was lower than what was claimed by her while filing her income tax return. On studying the details, it was found that records of some of the advance tax payments made by her for the relevant year were not available with the income tax department which resulted in a lower amount of refund. This was because of the mistake made by the collecting bank while uploading the advance tax challan details with the department. It took her several visits to the bank and income tax department to the get the things cleared.

To avoid these problems faced by the tax payers, Income Tax Department’s TIN (Tax Information Network) has facilitated the service for PAN holders to view their Annual Tax Statement (Form 26AS) online. Form 26AS contains

• Details of tax deducted on behalf of the taxpayer by deductors
• Details of tax collected on behalf of the taxpayer by collectors
• Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders)

In order to view your income tax credit status, first you need to register online giving your PAN and other basic details. After submitting your application online, you need to get your details verified by a registered TIN-FC(Facilitation Centre) by showing your original PAN Card (You can also call their representative to visit you and verify the details). Three days after getting the verification done, you can view your tax credit status online.

So get yourself registered with TIN-FC, and next time when your TDS is deducted or you deposit any tax, be sure to verify the details online before submitting your income tax return.

This measure would also help you in getting tax refunds faster.

Click here to apply online for registration

Also Read:

• Online PAN Verification- Step Taken to Check PAN Frauds
• Tax Savings Tips for Salaried People
• Do all PAN Card Holders Need to File Income Tax Return?
• Your Transactions that Income Tax Department Checks
• How to read your Income Tax PAN?
• How to Choose the Right Investment Plan?
• Tax Saving Investment Options for 2009