🔍 What is AIS and TIS in Income Tax
Income tax compliance in India is evolving rapidly with digital tools introduced by the Income Tax Department. Among the most crucial developments are the Annual Information Statement (AIS) and Taxpayer Information Summary (TIS)—two powerful systems providing transparency, accuracy, and ease in tax filing.
This article covers everything you need to know about AIS and TIS in Income Tax:
- What they are
- How to download and open them
- What data they contain
- Their purpose in income tax return (ITR) filing
- Differences between AIS & TIS
- How to reconcile with Form 26AS
- Errors, correction methods, and practical tips for taxpayers
📘 What is AIS (Annual Information Statement)?
AIS (Annual Information Statement) is a comprehensive financial report introduced by the Income Tax Department that captures all high-value financial transactions linked to your PAN.
🔑 Key Features of AIS:
- Expanded scope compared to Form 26AS
- Captures a wide range of transactions
- Helps taxpayers in reconciliation before filing their ITR
- Real-time feedback and correction mechanism
📂 What Type of Information is Captured in AIS?
AIS includes the following categories:
| Transaction Type | Description |
|---|---|
| TDS/TCS Details | Deductions made under different sections |
| SFT Transactions | High-value transactions from banks, mutual funds etc |
| Interest and Dividend Income | Savings, FD, RD, corporate bonds, shares |
| Purchase/Sale of Securities | Stock market, mutual fund transactions |
| Foreign Remittance | LRS-related remittances abroad |
| Rent Income | Declared or reported rent receipts |
| GST Turnover | GSTIN-linked turnover reported |
| Other Income | Miscellaneous earnings like lottery, etc. |
📘 What is TIS (Taxpayer Information Summary)?
TIS is a simplified summary version of the AIS report. It is generated using processed data, presenting pre-filled values that will be auto-populated in your ITR if not modified.
🎯 Key Features of TIS:
- Summarizes taxpayer’s income based on information in AIS
- Categorizes income under proper heads
- Offers processed vs reported value
- Used to pre-fill returns on income tax portal
| AIS vs TIS: Key Differences |
| Criteria | AIS | TIS |
|---|---|---|
| Format | Detailed report | Summary version |
| Use Case | Reconciliation and feedback | Used for pre-filled ITRs |
| Contains | Transaction-wise entries | Income head-wise summary |
| Update Mechanism | Real-time feedback submission | Auto-updated based on AIS |
| Accessibility | PDF and JSON | Only on portal |
📥 How to Download AIS & TIS?
🔗 Step-by-Step to Access AIS/TIS:
- Visit: https://www.incometax.gov.in
- Login using PAN and password
- Go to “Services” > “Annual Information Statement (AIS)”
- Click on “AIS” or “TIS” tab
- Choose Financial Year (e.g., 2024–25)
- Download PDF or JSON format
🔐 Password to Open AIS/TIS PDF File
Government PDF files are password-protected. Use the following format:
Password = PAN (in lowercase) + Date of Birth (DDMMYYYY)
Example: abcpk1234a15091990
📑 Key Documents and Information Source for AIS & TIS
| Source | Transaction Type Reported |
|---|---|
| Banks & Financial Institutions | FD, RD, interest income |
| Mutual Fund Houses | Purchase/redemption of units |
| Stock Exchanges & Brokers | Equity, bonds, derivatives |
| Employers | Salary and TDS under section 192 |
| Tenants | Rent income (if reported for TDS) |
| Government Portals (GST, DGFT) | Turnover, exports, imports |
| International Remittances | LRS-based transactions |
🧾 How AIS & TIS Help in Income Tax Return Filing?
- Ensures accuracy and prevents mismatch
- Reduces the chance of scrutiny or notices
- Assists in reporting correct income
- Flags errors or omissions automatically
🔁 Reconciliation with Form 26AS
| Parameter | Form 26AS | AIS/TIS |
|---|---|---|
| Nature | Traditional tax statement | Detailed info on income and SFT |
| Scope | Only TDS/TCS, refund | All income & financial data |
| Source | CPC & TRACES | AIS Utility & Reporting Entities |
| Format | Limited format | PDF/JSON & summary |
⚠️ Common Errors in AIS and Their Resolution
| Common Error | Action to be Taken |
|---|---|
| Mismatch in interest reported | Submit feedback: “Information is incorrect” |
| Wrong PAN mapped | Mark as “Relates to other PAN” |
| Incorrect amount | Provide revised amount |
| Duplicate transactions | Mark “Duplicate” |
🔁 Feedback Submission in AIS Portal
- After login, click on AIS
- Click on the info tile you want to revise
- Select the appropriate feedback type
- Enter correct amount or remarks
- Submit and track status
📊 Composition of Data in AIS FY 2024–25
- 40% – TDS from Salary & Interest
- 20% – Capital Gain Transactions
- 15% – Dividend & Other Incomes
- 10% – Rent & Real Estate
- 10% – GST Turnover
- 5% – Foreign Remittance & Others
💼 Professional Tips for Taxpayers
- Verify AIS & TIS before starting ITR filing
- Always reconcile with Form 26AS
- Use feedback system to flag discrepancies
- Report exempt incomes like interest on PPF, tax-free bonds
- Keep evidence (bank statements, form 16) for all income heads
✅ Sample Use Case: TIS Pre-Fill in ITR
If TIS shows:
- Salary: ₹10,00,000
- Interest Income: ₹20,000
- Short Term Gains: ₹1,50,000
→ These values will be auto-filled in ITR-2 under correct income heads.
🌐 External:
❓ FAQs on AIS & TIS
- What is the full form of AIS and TIS?
AIS = Annual Information Statement, TIS = Taxpayer Information Summary. - How are AIS and TIS different from Form 26AS?
AIS/TIS offer broader data coverage beyond tax credits, like investment & high-value transactions. - How can I correct errors in AIS?
Use the “Submit Feedback” option within the AIS portal for individual entries. - Is TIS auto-filled in my ITR?
Yes, if you agree with TIS, values are auto-filled in respective heads. - Can AIS show foreign income?
Yes, if reported by banks or under remittance rules. - Why is my interest income not matching with bank passbook?
Check if bank reported TDS at source and if full interest is declared. - Can I ignore AIS and file ITR manually?
Not recommended. Mismatches can lead to notices or rejections. - What password to use for AIS PDF?
PAN (in lowercase) + Date of Birth in DDMMYYYY format. - How frequently is AIS updated?
Real-time or periodically, depending on source institution updates. - Is TIS mandatory to refer while filing ITR?
It is advisable, though not compulsory.