Manage Tax Credits

Created by Bharti Vasvani, Modified on Fri, 18 Oct at 4:04 PM by Bharti Vasvani

Tax Credit is the income tax paid for the year including TDS (Tax deducted at source), TCS (Tax collected at source), advance tax, and self-assessment tax. These tax credits are deducted from your total tax liability, reducing the outstanding tax payable. Here's how you can add or delete your tax credits.


How do I add tax credits?

There are three ways to add your tax credits:


  1. Import from ITD using Autofill

    • Navigate to File > Tax CreditsNavigate to File > Tax Credits

    • Click on Import from ITD using AutofillClick on Import from ITD using Autofill

    • Connect to ITD via Aadhaar OTP or credentialsConnect to ITD via Aadhaar OTP or credentials

      Once connected, we will automatically import tax credits i.e. TDS, TCS, advance tax, and self-assessment tax.

  2. Upload Form 26AS


    • Navigate to File > Tax CreditsNavigate to File > Tax Credits

    • Click on Upload Form 26ASClick on Upload Form 26AS

    • Attach your Form 26AS. You can download Form 26AS from your income tax account.Attach your Form 26AS. You can download Form 26AS from your income tax account.
       
    • Review the details fetched and proceedReview the details fetched and proceed


    3. Add Manually

       

  • Navigate to File > Tax CreditsNavigate to File > Tax Credits

  • Click on add manually and proceedClick on add manually and proceed

  • Select the type of tax credit you want to addSelect the type of tax credit you want to add

  • Add the required details such as TAN, name, amount, etc.

You can refer to AIS for details of the advance tax and self assessment tax for the financial year.



Steps to Delete All Tax Credits

You can delete all your tax credits at once and add them again. Here's how to do it:


  • Navigate to File > Tax Credits. Click on three dots icon and click on DeleteNavigate to File > Tax Credits. Click on three dots icon and click on Delete

  • Confirm the actionConfirm the action




If you still have any further queries, you can raise a ticket to get in touch with us.


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