Income Tax Information Guide

What is AIS (Annual Information Statement)?

AIS or Annual Information Statement is a detailed financial statement provided by the Income Tax Department containing income, investments, bank transactions, TDS and other important tax-related information.

Meaning of AIS

AIS stands for Annual Information Statement. It contains detailed financial transactions linked with your PAN.

Income Tax Department uses AIS to verify whether taxpayers have correctly reported income while filing Income Tax Return.

AIS helps taxpayers view salary, bank interest, share transactions, mutual funds, TDS and high-value transactions in one place.

What Information is Available in AIS?

Salary Income

Salary reported by employer and TDS details.

Bank Interest

Savings account and FD interest details.

Share & Mutual Fund Transactions

Stock market and investment transactions linked with PAN.

Property Transactions

Purchase or sale of immovable properties.

TDS & TCS

Tax deducted or collected details from different sources.

High Value Transactions

Large deposits, foreign travel and major expenses.

AIS vs Form 26AS

Particular AIS Form 26AS
Detailed Financial Transactions Yes Limited
TDS Details Yes Yes
Bank Interest Information Yes No
Share Market Transactions Yes No
Property Transactions Yes Limited

How to Download AIS?

Login to Income Tax Portal using PAN and password.
Open “Services” section from dashboard.
Click on “Annual Information Statement (AIS)”.
Select financial year and download AIS PDF or JSON file.

AIS Password

AIS PDF file is password protected.

Password format is generally:

PAN number (lowercase) + Date of Birth in DDMMYYYY format

Example:

  • PAN: ABCDE1234F
  • Date of Birth: 01-01-1990
  • Password: abcde1234f01011990

Why AIS is Important for ITR Filing?

Avoid Income Mismatch

Helps ensure all income is correctly reported in ITR.

Prevent Tax Notices

Mismatch between AIS and ITR may trigger notices.

Correct TDS Claim

AIS helps verify TDS available for claim.

Better Tax Compliance

Provides complete financial overview linked with PAN.

Frequently Asked Questions

Is AIS mandatory for ITR filing?

AIS is not mandatory but highly recommended before filing ITR.

Can AIS contain incorrect transactions?

Yes, sometimes incorrect or duplicate entries may appear.

What happens if AIS and ITR mismatch?

Major mismatches may increase chances of Income Tax notices.

Need Help Reviewing AIS?

FileBob helps taxpayers review AIS, Form 26AS and file accurate Income Tax Returns.

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