Tax Deduction and Collection Account Number(TAN)

Meaning & Definition

Tax Deduction and Collection Account Number(TAN)

TAN, which stands for Tax Deduction and Collection Account Number, is a distinctive alphanumeric code comprising ten characters. It is provided by the Income Tax Department to individuals or entities with the obligation to deduct or collect taxes at the source, to monitor and record tax deductions made at the source, like TDS (Tax Deducted at Source) on salaries, payments to contractors, and interest income.

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Frequently Asked Questions (FAQ's)

  1. How do I find my tax deduction and collection account number?

    To find your Tax Deduction and Collection Account Number (TAN) in India, check your TAN certificate issued by the Income Tax Department. The TAN is also mentioned on TDS certificates issued by deductors. Additionally, you can visit the Income Tax e-filing portal, log in, and navigate to the "Profile Settings" to find your TAN details. It's a unique 10-character alphanumeric code assigned to entities responsible for deducting and collecting taxes.

  2. What is tax deduction account number format?

    The Tax Deduction Account Number (TAN) follows the format AAAA-NNNN-CCCC, where the first four characters (AAAA) are alphabetical, the next five characters (NNNN) are numeric, and the last four characters (CCCC) are again alphabetical. This alphanumeric structure ensures a standardized and identifiable format for tax deduction accounts.

  3. How can I find my TAN number?

    To find your Tax Deduction and Collection Account Number (TAN) in India, check your TAN certificate issued by the Income Tax Department. It's also available on TDS certificates issued by deductors. Alternatively, visit the Income Tax e-filing portal, log in, and access the "Profile Settings" to find your TAN details.

  4. Can TDS be deducted without TAN?

    No, Tax Deducted at Source (TDS) cannot be deducted without a Tax Deduction and Collection Account Number (TAN). TAN is a mandatory requirement for any person or entity responsible for deducting or collecting tax at source. According to Section 203A of the Income Tax Act, 1961, every person liable to deduct tax at source or collect tax at source must obtain a TAN.

  5. How can I check my income tax deduction details online?

    To check income tax deduction details online in India, log in to the income tax e-filing portal. Access Form 26AS under the "My Account" section to view TDS details. Alternatively, use the government's mobile app or check with your employer for Form 16, summarizing deductions and TDS from your salary.

  6. What is permanent account number PAN and tax deduction account number TAN?

    The Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) are distinct ten-digit alphanumeric codes issued by the Indian Income Tax Department. PAN functions as a comprehensive record of an individual's financial activities, aiding the department in overseeing tax compliance. Conversely, TAN is designated for entities involved in deducting or collecting taxes at the source.

  7. How do I find my tax payment details?

    To access your tax payment details, log in to the income tax e-filing portal. In the "My Account" section, select "View Form 26AS." This form displays a consolidated statement of your tax-related information, including details of tax deducted at source (TDS), advance tax, and self-assessment tax. Alternatively, you can check your Form 16 provided by your employer, which summarizes your TDS and tax payment details. This ensures you have a comprehensive overview of your tax payments.

  8. Is PAN and TAN same?

    No, PAN and TAN are not the same. PAN stands for Permanent Account which is a unique 10-digit alphanumeric number that is assigned to all taxpayers in India. While TAN stands for Tax Deduction and Collection Account Number is assigned to entities that are responsible for deducting or collecting tax at source

  9. What is the difference between PAN TIN and TAN?

    PAN is a number assigned to all taxpayers to facilitate the tracking of tax information and compliance by the Income Tax Department. TIN is an 11-digit alphanumeric number issued by the Commercial Tax Department of respective state governments to taxpayers. It is primarily used for purposes related to central excise and state taxes, such as registration of dealers, filing returns, and obtaining refunds. TAN is a 10-digit alphanumeric number that facilitates the identification of deductors or collectors and ensures timely payment of TDS/TCS to the government.

  10. Who is eligible for TCS return?

    The eligibility for filing a TCS return depends on the specific type of TCS transaction. However, in general, the entities like Seller of goods, Lessor of property, Contractor or sub-contractor, Broker or commission agent, Importer of goods, Seller of online advertisements, and their respective clients are eligible to file a TCS return.

  11. What is the 10 digit TAN number?

    A 10-digit TAN number, also known as a Tax Deduction and Collection Account Number, is a unique alphanumeric identifier assigned to entities responsible for deducting or collecting tax at source (TDS/TCS) in India. It is mandatory for these entities to obtain a TAN before deducting or collecting any tax. The TAN number helps in identifying the deductor or collector and facilitates the deposit of deducted or collected tax with the government.

  12. Is TAN number mandatory?

    Yes, a Tax Deduction and Collection Account Number (TAN) is mandatory for any entity that is responsible for deducting or collecting tax at source (TDS/TCS) in India. TDS refers to the tax deducted from payments made to individuals, such as salaries, interest, and rent. TCS refers to the tax collected from sellers of certain specified goods or services.

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