Today Income Tax Department has announced rollout of a new statement - AIS (Annual Information Statement)

This will give u all details (well almost all!) about YOUR financial transactions during the year

This is a thread to tell u what it is and how do u get the AIS

(1/n)

First of all,

What is AIS (Annual Information Statement)?

You know earlier Income Tax used to give statement 26AS

AIS is a much detailed one - with many more details included - like your Savings Interest, all Mutual Fund txns during the year etc

(2/n)
Will 26AS be stopped?

a) Now you can get both 26AS and also AIS
b) Both put together, Income Tax department knows all your financial txns
c) And it's good as now you will find it very easy to know and submit details for your Income Tax returns

(3/n)
How to access my AIS?

a) Log in to your Income Tax account at https://t.co/WtESV72dHq
b) Go to Services Tab
c) Last option in this tab is the AIS option

Screenshot below
When u click on the AIS option in the above dropdown

it will open a new tab withbelow options

It has two options
a) Left side - Tax Information Summary (TIS)
b) Right side - AIS

Both are the same. TIS is a summary and AIS is the detailed statement. You can download both
When u download u get a pdf statement (There is json option also, but let's stick to PDF now)

PDF will be password protected

Password is ur PAN Number (in CAPITAL) + Date of Birth

EG: AABPN4678A if this is ur PAN and Date of birth is 28 Nov 1980

Pwd: AABPN4678A28111980
AIS captures all ur financial txns of last year

a) Interest u got (even of ur Savings Account)
b) Salary or Income
c) Mutual Fund Txns
d) Any Dividends

A snapshot of summary is shown below. Details are given in the pdf

Any Qs will be happy to answer

*** End***

You May Also Like

THREAD: 12 Things Everyone Should Know About IQ

1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE


2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less.
https://t.co/UqtS1lpw3n


3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)

(Note that the Flynn effect shows that IQ isn't 100% genetic; it doesn't show that it's 100% environmental.)


4. IQ predicts many important real world outcomes.

For example, though far from perfect, IQ is the single-best predictor of job performance we have – much better than Emotional Intelligence, the Big Five, Grit, etc. https://t.co/rKUgKDAAVx https://t.co/DWbVI8QSU3


5. Higher IQ is associated with a lower risk of death from most causes, including cardiovascular disease, respiratory disease, most forms of cancer, homicide, suicide, and accident. https://t.co/PJjGNyeQRA (N = 728,160)