TDS, TCS, AIS, Form 26AS and Form 168 · Tax Year 2026-27
Form 168: the new annual TDS statement
Form 168 is the annual tax statement under the Income-tax Act, 2025, in the role Form 26AS had. It shows TDS, TCS, refunds and defaults against your PAN from the tax year 2026-27. Learn its parts, the four-digit section codes and how to read a row.
On this page
Form 168 is the annual tax statement under the Income-tax Act, 2025. It plays the role Form 26AS played: it lists the tax deducted at source (TDS), tax collected at source (TCS), refunds and defaults recorded against your PAN. It exists from the tax year 2026-27. Every earlier year has Form 26AS.
It is the statement your tax credit is taken from. The AIS format is also described under Form 168, read with rule 245 of the Income Tax Rules, 2026. For the comparison with Form 26AS, see Form 26AS vs Form 168.
What the statement shows
Form 168 opens with your PAN, its status and the tax year (a single "Tax Year" field), when the data was updated, and a summary. The summary carries four totals:
- TDS
- TCS
- Total TDS and TCS demand outstanding
- TDS and TCS refund issued
The parts
Part | What it covers |
|---|---|
Part I | Details of tax deducted at source |
Part II | TDS for Form 121 (the declaration that replaces Forms 15G and 15H) |
Part III | Certain transactions in kind (for example winnings, perquisites, virtual digital assets) |
Part IV | TDS on property sale, rent, contractor payments and virtual digital assets, from the seller or payee side |
Part V | Virtual digital asset sales as per Form 141 (seller) |
Part VI | Tax collected at source |
Part VII | Paid refund |
Part VIII | TDS on property, rent, contractors and virtual digital assets, from the buyer or payer side |
Part IX | Virtual digital asset purchases as per Form 141 (buyer) |
Part X (a) and (b) | TDS and TCS defaults (late fee under section 427, interest under section 411) and other demands |
Part XI | TDS and TCS credit by the Assessing Officer under an order under section 398 |
Part I mirrors Form 26AS Part A field for field, and adds a column for the deductor's PAN where available.
How to read the section codes
In Form 26AS the Section column prints the section itself, for example 192. In Form 168 each row carries a four-digit TRACES code, such as 1002, and the statement's legend gives the section and description for it.
Codes | Section under the 2025 Act | What |
|---|---|---|
1001 to 1003 | 392 | Salary |
1004 | 392(7) | PF accumulated balance |
1005 to 1038 | 393(1) | Resident TDS: commission, rent, property, interest, contracts, professional fees, dividend, insurance, e-commerce, virtual digital assets |
1039 to 1057 | 393(2) | Non-resident TDS |
1058 to 1067 | 393(3) | Winnings, lottery commission, cash withdrawals, partner payments |
1068 to 1092 | 394(1) | Tax collected at source |
For example, 1002 is "Payment of employees other than government employees" under section 392. To translate old section numbers, see new section numbers: old to new mapping and the TDS section finder.
Status of booking and remarks
Each row shows whether the deductor's entry has matched the deposit.
Status | Meaning |
|---|---|
U | Unmatched |
M | Matched |
F | Final |
O | Overbooked |
Form 168 prints the words; Form 26AS printed the letters. Claim credit with care for unmatched rows. Remarks flag corrections, for example a correction by the deductor, or a lower or nil deduction certificate under section 395 (section 197 under the 1961 Act).
If a row is not Final or Matched, or a TDS you expect is missing, contact the party the statement names for that part: the deductor for Parts I to IV.
How to use Form 168 when you file
- Get Form 168 for the tax year. It is served from the department's TRACES system, and TaxCare fetches it for you after you confirm with an OTP.
- Match every TDS row with your income: salary, interest, rent, professional fees.
- Enter TDS in your return as per the statement. Credit comes from here.
- If TDS is missing or wrong, ask the deductor to file a correction. See employer deducted wrong TDS.
- Check Part VII for refunds already paid and Part X for defaults.
Form 168 and AIS
Form 168 shows the tax credit. AIS shows everything reported about you, such as interest, dividends and share trades. TaxCare compares both and takes the higher figure for income and the statement for tax credit. See what is AIS.
Related forms renamed
Under the 1962 Rules | Under the 2026 Rules |
|---|---|
Form 26AS | Form 168 |
Form 16 | Form 130 |
Form 16A | Form 131 |
Form 15G / 15H | Form 121 |
Form 61A (SFT) | Form 165 |
How TaxCare helps
TaxCare shows Form 26AS for tax years up to 2025-26 and Form 168 from 2026-27, translates the four-digit codes into plain categories, and compares the statement with your AIS and the TDS you enter. Mismatches are flagged before you file. Shri, our assistant, can also look up a code if you ask.
This guide gives general information and is not professional tax advice.
Questions on this topic
What is Form 168?
It is the annual tax statement under the Income-tax Act, 2025. It does the job Form 26AS did: it shows tax deducted or collected against your PAN.
From which year does Form 168 apply?
From the tax year 2026-27. Earlier years have Form 26AS.
Why do the rows show numbers like 1002 instead of sections?
Each row carries a four-digit TRACES section code. The statement's own legend maps the code to the section and description.
Do I still need AIS?
Yes. Form 168 shows the tax credit. AIS shows the wider information reported about you.
Ready to file your ITR?
TaxCare fetches your AIS and TDS from the Income Tax portal, checks every figure and files the return that saves you the most. 25% off your first filing.