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Home / Finance / Taxes / How to Check TDS Deducted by Bank?
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How to Check TDS Deducted by Bank?

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Hi Friend,

I would like to begin my discussion about how to check TDS deducted by bank by informing you that the TDS will be withheld at a 10% rate by the bank where you have a working account. TDS at 20% will be taken off, nevertheless, if they don't have your PAN information. TDS rates are set in the Income Tax Act for the majority of payments, and the payer deducts TDS in accordance with the rates that are applicable.

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How to find TDS deducted by bank?

The steps below can be used by the taxpayer to check the TDS taken out of his paycheck and bank fixed deposits. 

  • Visit the official website for,

E-filing

 

as a starting point. 

  • If you are a new user, register. 

  • Login to the portal

  • Access “Your Accounts” 

  • Select “Form 26AS (Tax Credit)” 

  • Select "Confirm," and then "IT will reroute to another site." 

  • Check the box and press "Continue" 

  • Select “Tax Credit View (Form 26AS)”

  • To download in PDF format, choose the year.

I hope this clarifies your query about, how to check the TDS deducted by bank. Keep in mind that the downloaded file requires a password. Use the birthdate that is listed on your PAN, such as if your DOB is January 2, 1992, in which case your password would be 02011992. Before filing tax returns, you must review Form 26AS because this will give you full information about the TDS deduction and allow you to prepare your taxes appropriately.

I would like to conclude my discussion here about how to check TDS deducted by bank. I hope this helps:)

Read More:

How to file TDS return in  GST portal? What is the TDS rate on foreign remittance? What are TDS Rates on FD: How Much TDS is Deducted on Fixed Deposit 
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