Now, the Income-tax department has introduced some new rules and changes due to the COVID-19 pandemic in 2020. Except if you are a salaried employee then you can only fill up the Form16 provided by your employer or download it yourself from the income tax department’s official website. Apart from your Income declaration, you also need to fill out the detailed information of all taxes you have paid during the year such as TCS ( Tax Collected at Source). You can be held against that so always make sure to check the Form 26 AS before submitting. If the records don’t match the Income-tax department records of the particular accounting year. ![]() This form contains detailed information on the income generated from multiple jobs against your PAN (Permanent Account Number). Form 26AS is a solidified statement and declaration of income for the particular accounting year by a taxpayer under section 203AA of the Income Tax Act,1961. ![]() It also includes all the information regarding any advance tax such as withholding tax or self-assessment tax you have paid throughout the year. This form is a statement against the tax that has been collected on your behalf through your employer, bank, tenant. ![]()
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