Form 26AS is a consolidated annual tax statement issued by the Income Tax Department, providing a detailed summary of taxes deducted (TDS), collected (TCS), advance tax payments, and high-value transactions linked to a taxpayer’s PAN. It serves as a single reference document for individuals and businesses to verify tax credits, refunds, and tax liabilities before filing income tax returns (ITR).

For organizations in manufacturing, retail, logistics, and facility management, accurate TDS compliance is crucial to prevent tax discrepancies. Employers and HR teams managing contract workers, gig employees, and blue-collar workforce use payroll automation and tax reconciliation tools to ensure that TDS deductions reported in Form 26AS align with actual payments. A well-maintained Form 26AS helps in avoiding notices from the tax department and ensuring smooth tax filings.