What Is TAN?
TAN, or Tax Deduction and Collection Account Number, is a unique 10-digit alphanumeric identifier issued by the Income Tax Department. It’s primarily used by individuals or entities responsible for deducting or collecting Tax at source (TDS/TCS).
Who Should Obtain a TAN?
Tax Deducting Entities: Any individual or organization that needs to deduct Tax at source during certain transactions, such as salary distributions, contractor payments, or rent payments exceeding Rs.1,80,000 annually.
Non-Profit Organizations: Non-profits that make specific payments surpassing the designated threshold.
Business Branches: Branches of companies that execute specified payments exceeding the set threshold limits.
Salaried Individuals: Those earning a salary do not need to obtain a TAN or deduct Tax at the source.
Documents Needed for TAN Registration
Legal Document
Passport Size Photograph
Proof of Address for the Registered Office
Company's PAN Card
TAN Application Form