TAN (Tax Deduction and Collection Account Number) is a unique 10-digit alphanumeric code issued by the Income Tax Department. The first four characters are alphabets, the following five are numeric, and the tenth character is another alphabet. It is mandatory for individuals or entities responsible for deducting tax at source (TDS) or collecting tax at source (TCS) to obtain a TAN. TAN verification is a useful process to confirm if the correct entity deducted the TDS amount. Explore further details on TAN verification by both name and number.
TAN, or Tax Deduction and Collection Account Number, is an alphanumeric identifier issued by the Income Tax Department, crucial for those responsible for deducting tax at source (TDS) or collecting tax at source (TCS). Salaried individuals can locate their employer’s TAN on monthly pay slips or the annual Form 16.
This 10-digit alphanumeric code plays a pivotal role in the government’s oversight of employers engaging in TDS and TCS. Each letter in the TAN represents a unique element.
To verify TAN on the income tax portal using the TAN number:
Identifying the TAN deduction/collection account is crucial, and this can be accomplished through the Tax Deduction/Collection Account Number (TAN). Those overseeing tax deduction or collection on payments must be familiar with their TAN. The Income Tax Department provides an online facility called “Know Your TAN,” enabling individuals to check TAN details using the company’s name or TAN. The verification process is straightforward.
Follow these key steps to verify TAN using the name of the deductor:
Follow these steps to verify TAN using the TAN number:
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