Table of Content:
- What is TAN?
- Why Is It Important to Know Your TAN?
- Documents Required To Know Your TAN
- Are TAN And PAN Different?
- Eligibility For TAN
- Application Fee For TAN
- How To Apply For TAN?
- Steps To Apply And Know Your TAN Online
- Steps To Apply And Know Your TAN Offline
- How To Track Your TAN?
- How To Find Your TAN Details On Income Tax Portal?
- How To Search & Know Your TAN Details?
Did you know anyone who deducts and collects tax on behalf of the Income Tax Department in India must have a TAN to quote? Yes, a TAN number is essential under Section 203A of the Income Tax Act and an applicant can easily know his/her TAN details by their name or TAN using online/offline methods.
If you also want to know your TAN and are tired of scrolling through different pages to search for a collective information, this blog has all the details.
Keep reading to know your TAN by name, steps to apply for TAN, search TAN details & much more!
What is TAN?
TAN is an acronym for the Tax Deduction & Collection Account Number. It is a ten-digit alpha-numeric identification number issued by the Income Tax Department of India to companies and individuals.
TANis used to collect or deduct tax at source and file tax returns. It helps you keep track of your tax-related payments received and made by an entity or individual.
Why Is It Important to Know Your TAN?
It is crucial to know your TAN in case of:
TDS/TCS return (including any e-TDS/TCS return)
TDS/TCS payment challan
TDS/TCS certificates
If you fail to quote your TAN, a penalty of INR 10,000 is levied, and the Income-Tax Department would not accept your TDS (Tax Deducted at Source) payments, as per Section 203A.
It is crucial to remember that your PAN (Permanent Account Number) cannot act as an alternative for your TAN. They are issued for different purposes and cannot be used as alternatives to each other unless the Income Tax Department allows it for some reason.
It is also paramount to know your TAN as it helps in the identification of taxpayers and ensures the taxes are paid on time. It assists the government in tracking and monitoring the tax collection process. It is crucial to remember that the filed tax returns are not approved by the TAN facilitation centres in India without TAN. The banks do not accept any challan for the TDS/TCS without TAN.
Also Read: The Income Tax Deduction List for Taxpayers
Documents Required To Know Your TAN
You do not need any documents to know your TAN.
1. Structure of TAN
TAN has a 16-digit alphanumeric code. It is assigned to all the individuals who deduct or collect tax from payments made to parties such as:
Employees
Contractors
Suppliers
A TAN card contains the following information about the deductor or collector:
Name
Address
TAN number
Geographical jurisdiction
Signature
2. Validity of TAN
Once you know your TAN number, it has a lifetime validity and doesn’t need to be renewed. However, if there are changes you need to make in the details submitted during the application for TAN registration, you have to communicate it to the Tax Department.
Are TAN And PAN Different?
While everyone who files income tax returns must need a PAN, TAN is for you if you are liable to collect TCS or deduct TDS under the Income Tax Act.
Eligibility For TAN
Whoever deducts tax at source on behalf of the Income Tax Department has to apply for a TAN as per Section 203A of the Income Tax Act. The list of those who can apply for TAN is:
Central and State Government
Local authorities
Statutory or autonomous body
Company
Branch or division of a company
Individual or Karta of a Hindu Undivided Family
Branch of individual business (sole proprietor)
Firms
Trusts
Body of individuals
Artificial juridical person
Application Fee For TAN
To get and know your TAN, the processing fee to get a new TAN or correction in TAN data is INR 65 (including GST).
How To Apply For TAN?
The two ways to apply and know your TAN are:
Online
Offline
Note: If you are a first-time applicant, fill out the Form 49B to get a new TAN.
Steps To Apply And Know Your TAN Online
The steps to apply and know your TAN online is:
Step 1: Visit the official NSDL-TIN website: https://www.protean-tinpan.com/
Step 2: Open the services tab and click on TAN
Step 3: Click on apply online under TAN
Step 4: Click on New TAN
Step 5: Fill the Form 49B carefully
Step 6: Pay the fee
Step 7: Click on submit
Now, you will receive a 14-digit acknowledgement number. You can use it to track the status of your TAN.
Also Read: Tax Benefits of Renting Your Property
Steps To Apply And Know Your TAN Offline
The steps to apply and know your TAN offline is:
Step 1: Visit the official NSDL-TIN website
Step 2: Open the services tab and click on TAN
Step 3: Click on the application for issuance of new TAN (Form 49B) under Types of TAN applications.
Step 4: Download, print and fill out the form
Step 5: Pay the fee
Step 6: Submit your TAN application to any TIN-Facilitation Centre (TIN-FC) of NSDL
You will get a 14-digit acknowledgement number and track the status of your TAN. Alternatively, you can also find the TAN application at the TIN-Facilitation Centre (TIN-FC) of NSDL.
How To Track Your TAN?
There are three ways to track your TAN:
Use the 14-digit unique acknowledgement number after three working days to track the status of your TAN.
Call the TIN call centre on 02027218080 to inquire about the status of your TAN application
Text NSDL TAN on 57575
How To Find Your TAN Details On Income Tax Portal?
The steps to know your TAN details on the Income Tax portal is:
Step 1: Log in to the official Income Tax Portal
Step 2: Open ‘My profile’
Step 3: Click on ‘My TAN’
Here you can know your TAN details on the portal:
TAN number
Name of the deductor or collector
Address of the deductor/collector
Alternatively, you can also know your TAN details in the Income Tax portal using the following steps:
Step 1: Log in to the official Income Tax Portal
Step 2: Open the 'e-Filing’ tab
Step 3: Click on ‘View TDS/TCS Credit Statement’
Explore more: Pro Ways To Save Tax on Selling a Land
How To Search & Know Your TAN Details?
If you forgot your TAN details, you can use the following steps to know your TAN by name:
Step 1: Visit the official Income Tax Department of India’s e-filing portal
Step 2: Click on ‘Know Your TAN Details’ in the list visible on the left-hand side
Step 3: Select the 'Name' tab
Step 4: Choose the 'Category of Deductor' from the drop-down
Step 5: Select 'State' from the drop-down
Step 6: Provide your 'Name'
Step 7: Enter your registered mobile number
Step 8: Click on 'Continue'
Step 9: Enter your One Time Password (OTP)
Step 10: Click on 'Validate'
You can see and know your TAN details on the screen!
Conclusion
We hope this blog gave you details about steps to know your tan no., who needs it, how you can apply and track it. Make sure to keep this blog handy if you want to know your TAN number, It’ll save you the effort of going through different pages!
Suggested Read: How to Link PAN To Aadhaar Card Online: User Guide, Steps [2023]x`