To download the app you need to visit the Play Store and type AIS for taxpayers and download. AIS was first rolled out by the Income Tax Department on its portal in November 2021. Earlier taxpayers used to rely solely on Form 26AS, which is also is issued by the Income Tax department and which contains details of the tax deducted from you, advanced tax paid and refunds availed by you. It also helps in tax calculation as it displays all information ranging from salary, dividends, interest from saving accounts and deposits, securities and mutual funds transactions, off-market debt transactions, foreign remittance, etc. It is always advisable to reconcile your income declared in ITR with AIS to avoid any misreporting of income.
It is a more detailed statement compared to form 26AS and is a single reference document for taxpayers. AIS is a comprehensive statement which provides information relating to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). You can now check your Annual Information Statement (AIS) on your mobile, as Income Tax Department has launched a new app for taxpayers.
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