Tan Card Status: What is TAN card? How is it different from PAN? Click here to know...
TAN Card: If you are also confused about PAN and TAN cards, then this news is of your use. What is the difference between a TAN card and a PAN card? Where is it used, and who issues it? Learn.
The full form of TAN is Tax Deduction and Collection Account Number. It is issued by the Income Tax Department. This is a 10-digit alphanumeric code.
This is necessary for all those who deduct or collect tax. Using a tan is very important. In simple words, PAN is made for taxpayers. Whereas TAN is made for tax deductors.
Such people who give money in return for any work, then it is the responsibility of those people to give money after deducting tax. Your company falls in this category. These people or companies deducting tax have to get TAN made.
You can apply for TAN online or offline through Form 49B. For this, you have to pay 62 rupees. This payment can be made through credit card, demand draft, check or net banking. If you want to make it online, then you can apply for it on the official website of NSDL.
PAN (Permanent Account Number) - Permanent Account Number is a 10-digit code. It issues income tax. Generally, employed people have a special need for this. The government issues this to keep an eye on the giving and taking done through the cardholders.
PAN stands for Permanent Account Number while TAN stands for Tax Deduction Account Number. For those whose tax is deducted or deposited, it is necessary to have a TAN number. It is necessary to mention all the documents related to TDS and the TAN number from the Income Tax Department.