TAN Registration
TAN (Tax Deduction and Collection Account Number) is a unique 10-digit alphanumeric number issued by the Income Tax Department of India to entities responsible for deducting or collecting tax at source (TDS or TCS). It is mandatory for all individuals or organizations who are required to deduct or collect tax on income payments such as salaries, professional fees, interest, rent, and other specified payments.
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FAQ about TAN
Any person or entity that is required to deduct or collect tax at source, such as employers, businesses, or professionals making payments like salaries, contractors, etc.
If you do not have a TAN, you cannot deduct or collect tax at source legally. Penalties can be imposed for non-compliance.
No, TAN is not the same as PAN. While PAN is used for individual tax identification, TAN is used by entities to deduct or collect tax at source. However, both are alphanumeric numbers, and you need both to be compliant with tax regulations.
The TAN is a 10-character alphanumeric code in the format:
AAAAA1234A Where the first four characters are alphabetic, followed by four digits, and then ending with a letter.
No, each business or entity must have its own unique TAN. However, if you have multiple branches or units of the same entity, a single TAN can be used across all of them.
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