TAN

  1. What is TAN?

    TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan and TDS/TCS certificates.

  2. Who must apply for TAN registration?

    All those persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN. If you are paying a salary, or making payments for variety of purposes like consultancy fees, rent, contractual payments etc. the tax should be deducted at source and paid to income tax department.

  3. What is TDS?

    TDS means Tax Deducted at Source. It is the amount withheld from payments of various kinds such as salary, contract payment, commission etc. This withheld amount can be adjusted against your tax due.