The Taxpayer Information Summary (TIS) is an integral component of the Annual Information Statement (AIS) introduced by the Income Tax Department to enhance transparency and accuracy in income reporting. The AIS provides a detailed record of a taxpayer’s financial information for a specific financial year, including income sources, tax payments, and financial transactions. TIS, on the other hand, offers a concise category-wise summary of this data, helping taxpayers review key details at a glance. It displays both the original values reported by various entities and the revised values, reflecting any feedback or corrections submitted by the taxpayer. This feature ensures that taxpayers can verify their financial information before filing returns, minimizing the chances of discrepancies or notices from the tax department.

Accessing and Reviewing TIS Online

Taxpayers can conveniently access their AIS and TIS by logging into the Income Tax e-filing portal at www.incometax.gov.in or through the “AIS for Taxpayer” mobile app. After logging in, users can navigate to the Services section and select Annual Information Statement (AIS) to proceed. Upon redirection, they will find two options—AIS and TIS—displayed as separate tiles. By choosing the relevant financial year and selecting the TIS option, taxpayers can view a summarized snapshot of their financial data. The TIS provides clarity by displaying both the reported and revised figures, ensuring that the final values reflect verified and accurate information. These revised figures are also utilized for pre-filling the taxpayer’s income tax return (ITR), simplifying the filing process.

Significance of TIS in Tax Compliance

The introduction of TIS promotes accuracy, transparency, and accountability in tax compliance. Taxpayers can review their income, investments, and tax payments comprehensively, identify any errors or mismatched data, and submit feedback to the Income Tax Department for correction. This feedback mechanism reduces instances of duplication, incorrect reporting, or third-party mismatches. By summarizing financial information category-wise, TIS not only aids taxpayers in understanding their annual financial profile but also supports efficient and error-free income tax filing. Overall, the TIS enhances the taxpayer experience by providing a structured, accessible, and reliable summary of all income-related data reported during the financial year.

Taxpayer Information Summary (TIS)

Annual Information Statement (AIS) is a statement that provides complete information about a taxpayer for a particular financial year. Taxpayer Information Summary (TIS) is a category-wise taxpayer summary of such information.

AIS-TIS contains information about taxpayers‟ incomes, financial transactions, tax details, income-tax proceedings, etc.

An assessee can access AIS/TIS information by logging into his income-tax e-filing account or through the mobile app “AIS for Taxpayer”. If he feels that the information furnished in AIS is incorrect, duplicated, or relates to any other person, etc., he can submit his feedback thereon.

Steps to access TIS information online

Step 1: Log in to the Income-tax e-filing website at https://www.incometax.gov.in/ If you are a new user, you will be required to first register on the e-filing portal.

Step 2: After login, click on Services > Annual Information Statement (AIS)

Step 3: A message shall appear that will prompt you to click on ‘proceed’ to redirect to the AIS homepage.

Step 4: The next screen provides key instructions relating to Annual Information Statement (AIS) and Taxpayer Information Summary (TIS). TIS displays the information available in AIS category-wise. It shows the original value as well as the revised value (i.e., the value processed after the taxpayer’s feedback). The revised values in TIS are used for prefilling of return.

Step 5: Click on the next tab of ‘AIS’. On the redirected screen, two tiles shall appear – Taxpayer Information Summary (TIS) and Annual Information Statement (AIS). Select the relevant financial year from the drop-down and click on the TIS tile to view the information.

Step 6: On the next screen, the information available in TIS is displayed.