Updated: July 22, 2025
🔍 The Income Tax Department now offers three detailed views of your tax-related data: Form 26AS, AIS (Annual Information Statement), and TIS (Taxpayer Information Summary). Each serves a different purpose. Let's simplify it.
📘 What is Form 26AS?
- Official tax credit statement issued by the Income Tax Department.
- Shows tax deducted (TDS), advance/self-assessment tax paid, and refunds received.
- Mandatory to verify before filing ITR.
- Does NOT show savings interest, dividends, or other income unless TDS was deducted.
📊 What is AIS (Annual Information Statement)?
- Introduced in 2021 to provide a complete financial activity summary.
- Includes income from:
- Salaries
- Bank interest (even without TDS)
- Mutual fund transactions
- Property purchases
- High-value expenses (e.g. credit cards, deposits)
- Shows data reported by banks, employers, mutual funds, etc.
- Also includes TDS details, refunds, and SFT transactions.
- You can download AIS from [https://incometax.gov.in](https://incometax.gov.in).
📄 What is TIS (Taxpayer Information Summary)?
- TIS is an automatically generated summary version of AIS.
- It shows processed values that the department thinks are final.
- Less detailed, useful to compare declared vs reported income.
- Helps during ITR prefill and assessment.
📋 Side-by-Side Comparison Table
| Feature |
Form 26AS |
AIS |
TIS |
| Purpose |
Tax Credit Statement |
Full Financial Activity Report |
Summary of AIS |
| Contains TDS Details |
✔️ |
✔️ |
✔️ |
| Includes Bank Interest, MF, etc. |
❌ |
✔️ |
✔️ (Summarized) |
| Editable / Feedback Option |
❌ |
✔️ (You can raise feedback) |
❌ |
| Useful for ITR Filing? |
Yes |
Yes |
Yes (Quick Check) |
✅ What Should You Use for ITR Filing?
- Check Form 26AS for tax credit and TDS match.
- Use AIS to ensure you don’t miss interest, mutual funds, rent, or any income.
- Cross-check TIS for any mismatch in your declared income.
⚠️ Common Errors to Avoid
- Forgetting to report bank interest (even if no TDS)
- Mismatch between AIS and filed return can trigger scrutiny
- Not reviewing property or high-value cash transactions in AIS
