AIS (Annual Information Statement)

Definition

The Annual Information Statement (AIS) is a comprehensive record of your financial transactions that the Income Tax Department compiles from banks, employers, registrars, mutual funds and other reporting entities. It shows TDS/TCS details, Statement of Financial Transactions (SFT) data such as savings and deposit interest, dividends, purchase and sale of securities and mutual funds, property transactions, foreign remittances, plus tax payments, refunds and GST turnover. A condensed summary called the Taxpayer Information Summary (TIS) accompanies it.

AIS is broader than Form 26AS: Form 26AS is essentially a tax-credit statement (TDS, TCS, taxes paid), while AIS is a full financial profile including incomes on which no tax was deducted. For TDS credit figures, if AIS and Form 26AS differ, Form 26AS prevails for claiming credit in your return — but you should reconcile both before filing.

To view it, log in to incometax.gov.in and open the AIS tile under the Services menu. If an entry is wrong, duplicated, relates to another person or year, use the built-in online feedback mechanism against that entry (options like 'information is not correct' or 'income is not taxable'); the reported value and modified value are then both displayed. The main pitfall is filing without checking AIS — mismatches between your return and AIS data are a leading cause of notices and refund delays, so review it every year before submitting your ITR.

Example

Before filing his return, Arun checked his AIS and submitted feedback against a fixed-deposit interest entry that belonged to his father's PAN.

Calculators that use this

Related terms

• Form 26AS
• Form 16
• TDS

More Tax terms

• Form 10E
• Self-Assessment Tax
• Challan 280 (ITNS 280)
• Capital Gains Account Scheme (CGAS)

Sources

• ClearTax — Annual Information Statement (AIS)
• IndiaFirst Life — AIS vs Form 26AS
• 5paisa — AIS vs 26AS explained