Income Tax Form 26AS (AIS) to Change from Tomorrow: Know Which Form Replaces it under IT Rules, 2026

One of the important forms that has been replaced is the Form 26AS. It is replaced by Form 168. From April 1 onwards. Instead of Form 26AS, taxpayers have to furnish Form 168.

Understanding the Annual Information Statement (AIS)

At its core, Form 168 functions as the Annual Information Statement (AIS). It is an online statement that tracks every financial transaction linked to your PAN during a specific tax year.

How the Data is Collected

Taxpayers do not need to manually input data into this form. It is auto-generated by the department. Information flows into Form 168 from various "reporting entities," including:

• Employers: Reporting salary and TDS.
• Banks and Financial Institutions: Reporting interest, large deposits, or withdrawals.
• Mutual Fund Companies and Stock Brokers: Reporting investments and security transactions.
• Property Registrars: Reporting high-value real estate transactions.

Structure and Content of Form 168

Form 168 is divided into two primary sections.

PART A: General Information

This section acts as the identity header for the taxpayer. It includes:

1. Full Name: Standardized without abbreviations.
2. PAN: The unique identifier linking all data.
3. Date of Birth/Incorporation: For individual or corporate taxpayers.
4. Contact Details: Including mobile numbers (with country codes) and Email IDs.
5. Address: Detailed fields covering flat/door/block, locality, city, and PIN.

Also read: What Is Form 128? AComplete Guide Under the New Income Tax Rules, 2026

This is the heart of the statement, categorizing financial life into several functional heads:

1. TDS/TCS Information: Details of tax deducted or collected at source, including information codes and values.
2. Specified Financial Transactions (SFT): High-value transactions reported by banks or mutual funds under SFT codes.
3. Payment of Taxes: Real-time records of Advance Tax, Self-Assessment Tax, and Regular Assessment Tax paid via challans.
4. Demand and Refund: Details of any tax demands raised by the department or refunds initiated during the year.
5. Pending & Completed Proceedings: Information regarding the status of assessments or legal proceedings with the department.
6. Other Information: Any other information under sub-rule (2) of Rule 245, 2026

The Taxpayer Information Summary (TIS)

While the AIS (Form 168) provides granular, transaction-wise detail, the department also provides the Taxpayer Information Summary (TIS).

The TIS is a summarized version of the AIS. It aggregates the detailed data from Form 168 into final category-wise totals. For example, instead of listing every single interest payment from a bank, the TIS will show the "Total Interest Income".

Key Categories in TIS:

• Total Salary and Rental Income.
• Total Dividend and Interest Income.
• Total Capital Gains and Business Income.
• Total Taxes Paid.

The purpose of TIS is to serve as a reference tool for taxpayers to ensure they use the correct consolidated figures while filing their Income-tax Return (ITR).

How to Access Form 168 (AIS) and TIS

Taxpayers can access these documents through the official Income-tax e-filing portal using these steps:

1. Login: Access https://www.incometax.gov.in/ with your credentials.
2. Navigate: Go to the "e-File" menu, then select
   "Income Tax Returns," and click on "View Annual Information Statement (AIS)".
3. Alternative Paths: Users can also click the dedicated "AIS" tab on the dashboard or find the "AIS" tile under the "Compliance Portal" in the "Pending Actions" section.
4. Switching to TIS: Once the AIS dashboard is open, a simple click on the "TIS" tab will display the summarized figures.

Correcting Errors: The Feedback Mechanism

An important and highlighting feature in the Form 168 is that the taxpayers can correct the duplicate/incorrect data by submitting feedback. This applies only to AIS. TIS cannot be edited. The following procedures can be followed:

1. Submitting Feedback: Taxpayers can select a specific transaction and click "Give Feedback".
2. Options: You can label transactions as "Incorrect," "Duplicate," "Not related to taxpayer," etc..
3. Automatic Updates: While you cannot edit the TIS summary directly, it will update automatically once the department processes the feedback submitted in the AIS section.

Process Flow of Form 168

As per the income tax department’s data, the following is the process flow of form 168:

1. Generation by Reporting Entities:

1. 1. Deductors, banks, mutual funds, and other entities submit TDS/TCS/SFT/other statements.
2. 2. Tax payments (advance, self-assessment, regular) recorded through challans.
3. 1. CPC-TDS and CPC-ITR match PAN-based transactions and process tax credits.
4. 2. SFT, demand, refund, and proceedings data consolidated.
5. 1. Automatic generation for each PAN.
6. 2. Data categorized into TDS, TCS, SFT, tax payments, refunds, and proceedings.
7. 1. Accessible via the Income Tax e-Filing portal.
8. 2. Reflects real-time updates as underlying filings are processed.

2. Processing by the Department:

3. Compilation of Form 168:

4. Availability to the Taxpayer:

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