Taxpayer Information Summary (TIS): Meaning, PDF Password Format and How to Download

Filing your Income Tax Return (ITR) is no longer just about manually entering salary figures or estimating interest income. In recent years, the Income Tax Department has adopted a data-driven approach to ensure better transparency and accuracy in tax compliance. As part of this digital transformation, the department introduced the Taxpayer Information Summary (TIS) — a simplified yet powerful document designed to assist taxpayers in reviewing their financial activity before filing returns.

Every financial transaction you engage in — whether it's receiving a salary, earning interest from fixed deposits, trading in stocks, buying mutual funds, or even receiving rent — is tracked and reported by banks, employers, investment platforms, and other institutions. These entities report such data directly to the Income Tax Department. To ensure taxpayers are aware of what has been reported in their name, the government provides this information in two layers: the Annual Information Statement (AIS) and a condensed version called the Taxpayer Information Summary (TIS).

The TIS offers a category-wise summary of all key income heads, including values as reported by third parties and the values accepted or corrected by the taxpayer. It acts as a ready reference, giving you a bird’s-eye view of your financial footprint for the financial year. By reviewing your TIS before filing your ITR, you can ensure that all sources of income are correctly reported, reduce the chances of mismatch notices, and file your return with confidence.

In short, TIS plays a crucial role in helping individuals and businesses file accurate returns, avoid penalties, and stay compliant with the evolving tax system. Whether you're a salaried employee, a freelancer, a business owner, or an investor, understanding your TIS is the first step toward smart and error-free tax filing.

What is TIS?

The Taxpayer Information Summary (TIS) is a streamlined summary of your income and financial transactions for a specific financial year, compiled by the Income Tax Department. It is automatically generated from the detailed information available in your Annual Information Statement (AIS). While the AIS contains transaction-level data reported by various entities, the TIS presents that data in a summarized format that is easier to interpret.

TIS categorizes your financial data into key income heads such as salary, interest, dividends, capital gains, rent, business income, and others. It shows both:

• The information as reported by third parties (banks, employers, etc.)
• The information as accepted or corrected by the taxpayer (based on feedback submitted on AIS)
• This summary helps you reconcile your income details before filing the ITR, making the process smoother and more accurate.

What Details are Covered in TIS?

TIS typically includes:

• Salary Income
• Interest Income (Savings account, Fixed Deposits, Recurring Deposits)
• Dividend Income
• Rent Received
• Capital Gains (Shares, Mutual Funds, Property)
• Purchase/Sale of Securities
• Business Receipts
• Foreign Remittances
• Other Income (lottery winnings, pension, etc.)
• It also mentions whether the data was:
• Reported by source
• Modified based on taxpayer feedback

This dual-layer presentation ensures transparency and helps avoid errors during return filing.

Difference Between AIS and TIS

1. What is the purpose of the Taxpayer Information Summary (TIS)?

The TIS helps taxpayers quickly view a summary of all major financial transactions recorded by the Income Tax Department. It simplifies the data available in the Annual Information Statement (AIS) and allows individuals to cross-check income before filing their Income Tax Return (ITR).

2. Is it mandatory to check the TIS before filing an ITR?

No, it's not mandatory. However, it is strongly recommended to review your TIS to ensure that all your income sources are correctly reported and to avoid errors, mismatches, or notices from the tax department.

3. Where can I find my TIS?

You can access your TIS by logging into the Income Tax e-filing portal at www.incometax.gov.in. Under “Services,” select “Annual Information Statement (AIS)” to view and download your TIS.

4. What is the difference between AIS and TIS?

The AIS is a detailed statement that includes transaction-wise financial data. The TIS, on the other hand, is a simplified summary of the same information, categorized by income heads. TIS is meant to be more user-friendly for review during ITR filing.

5. How often is the TIS updated?

TIS is updated regularly, especially after you submit feedback in the AIS. The summary reflects the most recent feedback and revisions accepted by the Income Tax Department.