What is PAN? (Permanent Account Number)

PAN is a 10-digit alphanumeric number assigned to individuals, businesses, and entities for tax-related and financial transactions.

Who Needs a PAN Card?

• Individuals (Salaried, Self-Employed, NRIs)

• Companies, Firms, HUFs, Trusts

• Foreign Nationals doing business in India

Uses of PAN

• Mandatory for filing Income Tax Returns (ITR)

• Required for business registration, opening a bank account, and applying for a loan

• Needed for transactions above Rs 50,000

What is TAN? (Tax Deduction and Collection Account Number)

TAN is a 10-digit alphanumeric number issued to businesses and entities responsible for deducting and collecting tax at source (TDS/TCS).

Who Needs a TAN?

• Businesses deducting TDS on salary, rent, or contractor payments

• Banks deducting TDS on interest payments

• E-commerce platforms deducting TCS from sellers

Uses of TAN

• Required for TDS deduction on salary, rent, and professional fees

• Mandatory for TCS collection by e-commerce businesses

• Needed for filing TDS/TCS returns

Would you like help in applying for PAN or TAN?