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Tax deduction Account Number

Need of Tax deduction Account Number?

Tax deduction Account Number Starting at Just Rs.199/- (Inclusive of all Govt. Fees).

About Tax deduction Account Number

TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government. Tax deducted at source (TDS) ensures that the Government's collection of tax is proponed and the responsibility for paying tax is diversified. The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government - quoting the TAN number. Individuals who are salaried are not required to obtain TAN or deduct tax at source. On deducting tax at source, the entity registered for TAN will issue a TDS Certificate as proof of collection of tax.

TAN HIGHLIGHTS

TAN is a 10 character alpha-numeric code issued by the Income Tax Department for persons responsible for deducting or collecting tax at source. All most all for-profit entities and not-for-profit entities are required to obtain TAN.

Salaried individuals are not required to deduct tax at source. However, individuals running a proprietorship are required to obtain TAN and deduct tax at source when required.


Once a TAN is issued, it is valid for lifetime.








Tax Deducted at Source must be paid into authorized bank, quoting the TAN and using Challan 281. TDS during the preceding month must be paid before the 7th day of the following month.

TDS filing (Quarterly) is mandatory only when TDS is applicable. If no TDS has been deducted in a particular quarter then the assessee shall have to submit a declaration for the same on TRACES.

TAN can be obtained in 8-10 working days from the time of submission of application with the required documents. The application must be submitted in hard format along with self-attested copy of address and identity proof of the applicant.

TAN Registration Process

Application Preparation

Our Tax Expert will prepare your TAN Application and obtain your signature in the format along with the necessary supporting documents.

Application Processing

Once the application is prepared, we will submit the TAN Application to the Tax Department. Our company is a TAN Facilitiation Center.

TAN Allotment

Once the application and the attached supporting documents are verified, the Tax Department will allot a TAN Number for your business.

Success is doing ordinary things extraordinarily well.

More than one TAN


In case the applicant has already been allotted a ten digit alphanumeric TAN, it should not apply again as having or using more than one TAN is illegal. However, different branches/divisions of a deductor/collector may apply for separate TAN for each branch/division.

TAN Correction

In case you already have TAN and wants any change in particulars (e.g. name, address etc.),

TAN Cancellation

In case duplicate TANs have been allotted to you (i.e., more than one TAN), then the TAN which you have been using regularly should be used from now also. The rest of the TANs should be surrendered for cancellation using “Form for Changes or Correction in TAN” which can be downloaded from the website of NSDL. Hence in the ending I would like to conclude that if you need a TAN for yourself it’s very easy and not to mention its cheap!


Section For Payment of On Payments Exceeding Individual/HUF Others
193 Interest on Debentures Rs. 5000/- 10% 10%
194 Deemed Dividend No Minimum 10% 10%
194 A Interest other than on securities by banks Rs. 10000/- 10% 10%
194 A Interest other than on securities by others Rs. 5000/- 10% 10%
194 B Winnings from Lotteries / Puzzle / Game Rs. 10000/- 30% 30%
194 BB Winnings from Horse Race Rs. 5000/- 30% 30%
194 C(1) Payment to Contractors Rs. 30000/- for single payment, Rs. 75000/- for aggregate payment during Financial Year 1% 2%
194 C(2) Payment to Sub-Contractors / for Advertisements
194 D Payment of Insurance Commission Rs. 20000/- 10% 10%
194 EE Payment of NSS Deposits Rs. 2500/- 20% NA
194 F Repurchase of units by Mutual Funds / UTI Rs. 1000/- 20% 20%
194 G Commission on Sale of Lottery tickets Rs. 1000/- 10% 10%
194 H Commission or Brokerage Rs. 5000/- 10% 10%
194 I Rent of Land, Building or Furniture Rs. 180000/- 10% 10%
Rent of Plant & Machinery Rs. 180000/- 2% 2%
194 IA Transfer of Immovable Property (w.e.f. 01.06.2013) Rs. 50 Lacs/- 1% 1%
194 J Professional / technical services, royalty Rs. 30000/- 10% 10%
194 J(1) Remuneration / commission to director of the company - 10% 10%
194 J(BA) Any remuneration / fees / commission paid to a director of a company, other than those on which tax is deductible u/s 192. - 10% 10%
194 L Compensation on acquisition of Capital Asset Rs. 100000/- 10% 10%
194 LA Compensation on acquisition of certain immovable property Rs. 200000/- 10% 10%

FAQ

What is TAN?

TAN is Tax Deduction and Collection Number. TAN is used by the Income Tax Department to track all payments and filings of persons or entities required to deduct tax at source and pay it to the Government. TAN is a 10 digit alpha numeric number.

Why is TAN required?

It is mandatory for business entities and other type of entities to deduct tax at the source, i.e., while paying rent, salary, etc., and pay the same to the Government. To track these payments, TDS Certificates and TDS Filings, the Government mandates TAN registration for all entities required to deduct tax at source. TDS ensures the responsibility for payment of tax is diversified and the Government receives tax sooner.

Who must obtain TAN?

Individuals who are salaried are not required to deduct tax at source. However, Individuals who run a proprietorship business are required to deduct tax at source if the previous year turnover exceeds Rs. 2 Crores. All other entities like LLP, Private Limited Company, Limited Company, Trust, Society, etc., are required to obtain TAN and deduct tax at source. Not obtaining TAN when applicable, attracts a penalty of Rs.10,000.

What documents are required for obtaining TAN?

To obtain TAN, application must be made in Form 49B at any of the authorized TAN Facilitation Center. Our company is an authorized TAN Facilitation Center.

Can I use a PAN instead of TAN?

No, PAN cannot be quoted where TAN is required. PAN and TAN serve two different purposes. Therefore, it is mandatory for those deducting tax at source to obtain a TAN.

At what rate should tax be deducted at source?

Tax deduction at source happens at different rate based on the transaction. TDS for salary is determined based on the employees' salary and tax payable by the employee. TDS rate of 10% is adopted for rent of land, building or furniture if the annual rent exceeds Rs.1,80,000/-. For a complete list of TDS, click here.

How long does it take to obtain a TAN?

TAN Registration can be obtained in 8-10 working days from date of application along with the required documents.

Can an entity have two or more TAN?

Any entity cannot have two or more TAN. It is illegal for an entity to possess more than one TAN.

When and where should the tax deducted at source be deposited?

Tax Deducted at Source (TDS) must be deposited through banks using Challan 281 quoting the TAN number of the entity. The deadline for payment of TDS is the 7th day of each month.

When should I file TDS Returns?

TDS Return should be filed quarterly on the 15th day of July, October, January and May. The TDS return filed on these months will correspond to the transaction of the preceding three months. Delay in furnishing eTDS statement will result in a mandatory penalty of Rs.200 per day, with the total fees not exceeding the total amount of TDS made for the quarter.

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