AIS (Annual Information Statement)
AIS is a year-end statement issued by the Income Tax Department that shows almost every reportable financial transaction tied to your PAN. Salary, interest, dividends, mutual fund redemptions, property purchases, foreign remittances, and TDS, all in one place.
What is AIS (Annual Information Statement)?
AIS was launched in November 2021 as a richer replacement for Form 26AS. It pulls data from banks, employers, mutual funds, brokers, registrars, and various reporting entities. Each line item shows the source, the amount, and whether it has been confirmed, partially correct, or disputed by the taxpayer. The AIS has two parts. Part A shows general details (PAN, name, address). Part B is the data: salary received, interest income, dividend, securities transactions, foreign remittances, sale and purchase of property, GST turnover, off-market trades, and many more. A simplified version called TIS (Taxpayer Information Summary) gives an aggregated, processed value for each head, which is what most ITR utilities pre-fill from. AIS is now the primary tool for ITR pre-filling and reconciliation. Form 26AS continues but mostly for TDS-only summary.
Example
Karan logs in to the e-filing portal and downloads his AIS for FY 2025-26. He sees: salary ₹14,50,000 from his employer, FD interest ₹38,000 from HDFC, mutual fund redemption ₹2,10,000 from an AMC, and ₹1,80,000 of TDS. He uses this to cross-check his ITR draft and spots a missing dividend of ₹6,000.
How AIS (Annual Information Statement) is used
Payroll teams use AIS to confirm that the TDS reported in 24Q reflects correctly against each employee. Employees use AIS as a starting point for filing ITR and avoiding tax notices for unreported income.
AIS (Annual Information Statement) FAQs
How is AIS different from Form 26AS?
26AS focuses on TDS, TCS, and tax payments. AIS adds many more transactions like dividends, mutual fund trades, foreign remittances, property buy/sell, and GST turnover.
What if AIS shows wrong information?
You can submit feedback against any line in the AIS portal, marking it as correct, partial, duplicate, or related to another PAN. The reporting entity then has to verify.
Do I have to download AIS to file ITR?
You don't have to, but you should. Pre-filled ITR data already pulls from AIS. Reviewing AIS before filing helps you catch mismatches and avoid notices later.