To make tax filing more transparent and encourage voluntary compliance, the Income Tax Department has started providing taxpayers with a comprehensive overview of their financial transactions reported during a year. This information is presented in two main documents: the Annual Information Statement (AIS) and the Tax Information Summary (TIS). While the AIS is highly detailed, the TIS serves a more specific purpose. This leads to the question: what is a Tax Information Summary (TIS) in your tax profile? The TIS is a simplified, category-wise summary of the financial information that is available with the Income Tax Department for a particular taxpayer. It provides a clean, aggregated value for different types of transactions, making it easier for you to understand your tax position at a glance.
What is a Tax Information Summary (TIS)? A Simple Definition
The Tax Information Summary (TIS) is a taxpayer-friendly summary of the detailed information contained in the Annual Information Statement (AIS). For each category of financial transaction (like salary, interest income, sale of securities, etc.), the TIS shows two different values:
- Processed Value: This is the value of the transaction as per the information received by the Income Tax Department from various reporting entities (like banks, registrars, etc.).
- Reported Value: This is the value that the taxpayer has modified or accepted after reviewing the information. Initially, this value will be the same as the processed value.
Essentially, the TIS acts as a cover page or a dashboard for the AIS. It gives you a quick overview of your financial footprint for the year without you having to go through every single transaction entry in the detailed AIS. It is designed to help you quickly identify the major income and transaction heads that you need to consider while filing your Income Tax Return (ITR).
How TIS Works in Conjunction with AIS
The TIS and the AIS are two sides of the same coin. They are intrinsically linked and should be viewed together for a complete picture.
- The Source: The Annual Information Statement (AIS) is the master document. It contains detailed, transaction-level information about your finances collected from multiple sources. For example, it will show every single interest credit from each of your bank accounts.
- The Summary: The Tax Information Summary (TIS) takes this detailed information from the AIS and aggregates it into clear categories. For instance, instead of showing 12 separate entries for monthly interest from a bank, the TIS will show a single aggregated value under the ‘Interest from Savings Bank’ category.
Example:
- AIS might show:
- Interest from SBI FD 1: ₹5,000
- Interest from HDFC FD 2: ₹12,000
- Interest from Post Office FD: ₹8,000
- TIS will show:
- Interest from Deposits: ₹25,000 (Processed Value)
This summarization makes it much easier to cross-verify the figures with your own records before filing your ITR.
How to Access Your Tax Information Summary (TIS)
Accessing your TIS is a simple, online process. Here’s how you can do it for the financial year 2025-26:
- Log in to the Income Tax e-Filing portal using your PAN and password.
- Go to the ‘Services’ tab on the dashboard.
- From the dropdown menu, select ‘Annual Information Statement (AIS)’.
- You will be redirected to the AIS homepage. Here, you will see two main tabs: ‘AIS’ and ‘TIS’.
- Click on the ‘TIS’ tab.
- You will now be able to see the category-wise summary of your financial information for the selected financial year. You can also download the TIS as a PDF document.
The Importance of TIS in ITR Filing for 2026
The TIS is a very useful tool for taxpayers, and you should make it a habit to check it before filing your return.
| Benefit | How it Helps You |
|---|---|
| Quick Reconciliation | It allows you to quickly compare the aggregated income figures as per the IT Department with your own calculations. |
| Prevents Under-reporting | By showing you all the reported income sources in one place, it helps ensure you don’t accidentally miss reporting any income in your ITR, which could lead to a notice later. |
| Simplifies ITR Filing | The TIS is now integrated with the ITR form. The ITR form will be pre-filled with data from the TIS, which you just need to verify and confirm. |
| Feedback Mechanism | If you find any discrepancy in the ‘Processed Value’, you can submit feedback directly in the AIS. This feedback will then be reflected in the ‘Reported Value’ in your TIS. |
Frequently Asked Questions (FAQs)
1. What is the difference between TIS and Form 26AS?
Form 26AS is primarily a statement of tax that has been deducted or collected at source (TDS/TCS) and taxes paid by you. The TIS (along with the AIS) has a much wider scope. It includes details of specified financial transactions, demand and refund information, and other data collected from various sources, even if no tax was deducted on them.
2. What should I do if there is a discrepancy in my TIS?
If you notice an incorrect transaction or value in your TIS, you need to go to the detailed AIS, find the specific transaction, and submit feedback online. You can state that the information is incorrect, is a duplicate, or belongs to another person. The IT Department will then process your feedback.
3. Will the ITR be automatically updated if I submit feedback on the TIS/AIS?
Yes, the ITR form is now designed to be pre-filled with data from your TIS. If you provide feedback and update the ‘Reported Value’ in your TIS, this updated value can be used to pre-fill your return, making the filing process more seamless.
4. Is the information in TIS always correct?
While the department strives for accuracy, there can be errors. The information in the TIS is based on data submitted by third-party reporting entities. There could be errors in their reporting. That is why it is crucial for you to review your TIS and AIS carefully and provide feedback if you find any mistakes.
5. Which value from the TIS should I use for filing my ITR – ‘Processed Value’ or ‘Reported Value’?
You should use the ‘Reported Value’ for filing your ITR. Initially, both values are the same. However, if you have submitted feedback to correct any information, the ‘Reported Value’ will be updated to reflect this correction. This updated value is what you should use in your tax return.