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TDS
RECONCILIATION

When you match your Or Reconcile your TDS Deduction Calculation with 26AS (Form in which the TDS deduction appears) it is called a TDS reconciliation.

When someone deducts TDS from your income, they will deposit this deducted amount with the government account in your name by your PAN number.

There may be a discrepancy in your calculation and 26AS. Therefore, the TDS reconciliation lets you know which deductor has not deposited their amount or there may be some error in their own calculation.

Reasons for mismatches between TDS statement and Form 26AS

The most common reasons for such mismatch (s) are listed below:

  • Deductor fails to deposit TDS on time
  • Incorrect amount entered in the TDS declaration
  • Wrong PAN entered in TDS statement
  • Error in CIN (Challan Identification Number)
  • The deductor’s PAN / TAN entered incorrectly
  • Error in the chosen year
  • Omissions in the TDS declaration
  • Discrepancy in the quoted TDS and the deducted actual TDS
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