Income tax is deducted at source from your salary and on interest accruing on investments such as fixed deposits. Have you ever wondered how much tax you have paid in aggregate to the government for the financial year in question? Suraj Nangia, Partner shares his views on aforementioned story for moneycontrol
“One of the most important documents needed for filing income tax return is Form 26AS. Just before filing of income tax returns, a taxpayer can know exactly how much tax has been deducted at source for the relevant financial year so as to derive the final tax payable for the year before filing income tax return,” said Suraj Nangia, Partner, Nangia & Co.
Reference Link http://www.moneycontrol.com/news/business/personal-finance-business/why-seeing-form-26as-is-a-must-before-filing-tax-return-and-how-to-access-it-2260891.html