Latest Form 26AS, AIS & TIS Updates for Assessment Year 2025–26
Welcome to the Latest Form 26AS, AIS & TIS Updates for Assessment Year 2025–26. While filing your Income Tax Return (ITR), three documents play a vital role—Form 26AS, which shows TDS, advance tax, and refunds; AIS (Annual Information Statement), which provides a complete record of your financial transactions; and TIS (Tax Information Summary), which gives a simplified summary of your income and tax data. The Income Tax Department has made several important updates this year to improve accuracy, reduce errors, and make tax filing more transparent for taxpayers. These changes will help you match your income details with the department’s records, avoid mismatches, and ensure hassle-free compliance. By understanding these updates, you can file your return confidently and minimize the chances of receiving notices or facing corrections later.
Understanding Form 26AS, AIS, and TIS
Before checking the latest updates, it’s important to understand what these three statements are and why they matter for every taxpayer. Form 26AS is like a tax passbook—it shows all the tax deducted at source (TDS), advance tax, self-assessment tax, and refunds linked to your PAN. This helps you verify whether the taxes paid by you or deducted by others (like your employer or bank) are correctly reflected in the government’s records.
Next is the AIS (Annual Information Statement), which is a detailed report of your financial activities. It includes information like salary, bank interest, dividends, share trading, mutual fund transactions, property purchases, and even high-value spends. To make things easier, the Income Tax Department also gives you a TIS (Tax Information Summary)—a simple summary of the data shown in AIS, highlighting your total income and tax-related information in one place.
In short, these three documents are interconnected. Form 26AS shows your tax payments, AIS provides a detailed view of your income and transactions, and TIS summarizes it all for quick reference. Understanding them ensures that the income you report in your ITR matches the records with the Income Tax Department, helping you avoid mismatches, unnecessary notices, or delays in refunds.
Key Updates for FY 2025–26
Filing your Income Tax Return (ITR) is now simpler, but there are some important changes you should know:
Final ITR Due Date – 15th September 2025
The government has made it clear that the last date to file your return is 15 September 2025, and this time it will not be extended. So, don’t wait until the last moment.Form 26AS Shows Only TDS/TCS
From now on, Form 26AS will only display tax deducted at source (TDS) and tax collected at source (TCS). All other details like your investments, property deals, or high-value transactions will be shown in AIS.AIS & TIS Cover More Transactions
The AIS (Annual Information Statement) now gives a full picture of your financial activities—like salary, bank interest, dividends, stock market trades, mutual funds, and even foreign remittances. To make things easier, the TIS (Tax Information Summary) gives you a simple summary of this data in one place.Mismatch Issues Can Be Fixed Online
If you find mismatches between your Form 26AS, AIS, and Form 16, don’t panic. The Income Tax portal now allows you to give feedback directly in the AIS, and the concerned party (like your employer or bank) usually corrects it within 10 days.Which Data Matters Most?
If there is ever a conflict, the tax department will primarily consider the data shown in Form 26AS. So, always check it carefully before filing.Portal Slowdowns Near Deadline
Many taxpayers face slow website speed or downloading issues close to the deadline due to heavy traffic. It’s always better to file your return early and avoid last-minute rush.
What is Form 26AS and How It Works
Form 26AS is like your tax passbook. It keeps a record of all the taxes linked to your PAN, such as TDS (Tax Deducted at Source) by your employer or bank, TCS (Tax Collected at Source) on certain transactions, and any advance tax or self-assessment tax you have paid. It also shows refunds issued by the Income Tax Department.
For Assessment Year 2025–26, Form 26AS has been made simpler. Now, it mainly shows only your tax credits (TDS/TCS/advance tax) and some high-value transactions. All the detailed financial reporting, like investments, property purchases, share trading, and other income sources, has been shifted to AIS (Annual Information Statement) and summarized in TIS (Tax Information Summary).
Annual Information Statement (AIS) – New Features
The Annual Information Statement (AIS) is like a detailed report card of your financial activities. It shows almost everything—from bank interest, dividends, share trading, and mutual funds to property deals, high-value purchases, and even foreign remittances. This makes it easier for you to match your income and transactions with what the Income Tax Department has on record.
For AY 2025–26, AIS has become even better. It now comes with improved error-reporting and feedback options. If you spot any mistake or mismatch—for example, an income figure that looks wrong—you can simply provide feedback online in the AIS portal. The department then reviews it, and in most cases, the bank, employer, or financial institution corrects the data within a short time.
Tax Information Summary (TIS) Updates
The Tax Information Summary (TIS) is a simpler version of the AIS, created to make tax filing easier. Here are the key points for FY 2025–26:
Simplified View – TIS gives you a summary of your income and tax data under clear heads like salary, interest, dividends, business income, and capital gains.
ITR-Integrated – The figures shown in TIS are now directly linked with ITR forms. This means your return will already have these values pre-filled, reducing manual work.
Time-Saving – Since the data flows from TIS to your ITR, the filing process becomes faster and smoother.
Error Reduction – With pre-filled data, the chances of typing mistakes or missing out on income are much lower.
Cross-Check Friendly – You can still compare TIS with AIS for more details and with Form 26AS for tax credits, ensuring everything matches correctly.
Who Should Use AIS and TIS?
Every taxpayer should review AIS (Annual Information Statement) and TIS (Tax Information Summary) before filing their ITR. These reports help ensure that your income details match the records maintained by the Income Tax Department. Here’s who will benefit the most:
✅ Salaried Individuals with Extra Income – If you earn salary but also have interest from savings accounts, FDs, or dividends, AIS will capture these details which may not be in your Form 26AS.
✅ Stock Market & Mutual Fund Investors – If you trade in shares, mutual funds, or ETFs, AIS records purchase and sale transactions, capital gains, and dividend income. TIS then gives you a quick summary for filing.
✅ Crypto Traders & Investors – With crypto now taxable, AIS includes crypto transactions reported by exchanges. Checking AIS/TIS helps ensure you don’t miss reporting them.
✅ Property Buyers & Sellers – Whether you sold land, purchased a flat, or made a high-value property transaction, AIS reflects this data reported by registrars, so you must review it carefully.
✅ Rental Income Earners – If you receive rent, AIS may capture TDS deducted by tenants. Confirm that it is correctly reported.
✅ Business Owners & Freelancers – Multiple income streams, client payments, and high-value spends often appear in AIS. Verifying ensures correct reporting.
✅ NRIs & Foreign Remittances – If you send or receive money abroad, AIS records these under foreign remittances. Checking helps avoid under-reporting.
✅ High-Value Spenders – If you spend large amounts on credit cards, foreign travel, or luxury purchases, these may be reported as Specified Financial Transactions (SFTs) in AIS.
Differences Between Form 26AS, AIS, and TIS
| Particulars | Form 26AS | AIS (Annual Information Statement) | TIS (Tax Information Summary) |
|---|---|---|---|
| Scope | Shows only tax credits (TDS, TCS, advance tax, self-assessment tax) and limited high-value transactions | Shows detailed transaction-wise information from multiple sources (banks, employers, registrars, mutual funds, etc.) | Provides a simplified summary of data reported in AIS |
| Details Provided | TDS/TCS entries, advance tax paid, refunds, some specified transactions | Salary, interest, dividends, securities, mutual funds, property sales, foreign remittances, credit card spends, etc. | Consolidated values under major heads like salary, interest, business income, capital gains |
| Purpose | To confirm taxes paid/credited against your PAN | To give a complete picture of financial transactions reported to the Income Tax Department | To make ITR filing easier with pre-filled values |
| Best Suited For | Salaried individuals or those who mainly want to check tax credits | Taxpayers with multiple income sources or high-value transactions | Anyone who wants a quick, ready-to-use summary for filing ITR |
| Use in ITR Filing | Cross-check tax deducted and paid | Verify all income sources and financial transactions | Directly use pre-filled values for faster and error-free filing |
Steps to Correct Errors in Form 26AS, AIS, or TIS
If you spot any mismatches or errors in your tax statements, it’s important to fix them before filing your ITR. Here’s how you can do it:
Form 26AS Errors
If TDS, TCS, or advance tax details are incorrect, contact the deductor—this could be your employer, bank, or any other entity that deducted/collected tax.
Request them to correct the mistake and file a revised TDS/TCS statement with the Income Tax Department.
AIS and TIS Errors
The AIS portal allows you to submit feedback for any wrong entries.
Common feedback options include:
“Transaction does not belong to me”
“Amount reported is incorrect”
The concerned institution (bank, employer, or registrar) usually reviews the feedback and updates the information within a few days.
Cross-Verification is Key
Always compare the data in Form 26AS, AIS, and TIS with your Form 16, bank statements, broker reports, and investment proofs.
Ensuring everything matches will prevent mismatches, reduce notices from the Income Tax Department, and make your ITR filing smooth.
Get Expert Help for ITR Filing with Form 26AS, AIS & TIS
Filing your Income Tax Return (ITR) can be tricky, especially when dealing with multiple statements like Form 26AS, AIS, and TIS. Mistakes or mismatches can lead to notices or delays in refunds. ITRAdda.com provides expert guidance to help you reconcile all your tax statements, check for errors, and file your ITR accurately and on time.
The team will guide you step-by-step, making the entire process hassle-free. Whether it’s reviewing your Form 26AS, understanding AIS/TIS, or resolving mismatches, their experts ensure everything is in order before submission. Get professional help today at ITRAdda.com or call 📞 +91 97263 65833 for personalized support.
