Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Phone Reviews
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Phone Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / #FinancialBytes: What is the difference between PAN and TAN?
  • Business

    #FinancialBytes: What is the difference between PAN and TAN?

    Sagar Malik
    Written by
    Sagar Malik
    Twitter
    Last updated on Feb 24, 2019, 03:09 pm
    #FinancialBytes: What is the difference between PAN and TAN?
  • Two of the most important documents for taxpayers and tax-collectors in India are the Permanent Account Number (PAN) and the Tax Deduction and Collection Account Number (TAN).

    While PAN is issued to individuals and organizations which have to pay taxes, TAN is for businesses and organizations that deduct/collect taxes at source.

    Here, we explain the difference between the two.

  • In this article
    What is PAN card? How to apply for PAN card online What is TAN? How to apply for TAN? Final steps
  • PAN

    What is PAN card?

    What is PAN card?
  • Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all individuals as well as organizations which pay taxes.

    PAN facilitates instrumental financial transactions such as tax payments, entering certain financial contracts, making larger cash deposits, applying for credit/debit cards, filing I-T returns, among others.

    It also serves as a government-verified proof of identity.

  • Application

    How to apply for PAN card online

    How to apply for PAN card online
  • First off, visit the official online portal of NSDL for PAN application.

    Select the application type and category.

    Enter the required applicant details, and click on 'Submit' button.

    Next, upload the required documents.

    Finally, make the application fee payment.

    After successful submission of the form, you will get an acknowledgement number, that can later be used to track the application.

  • TAN

    What is TAN?

    What is TAN?
  • TAN or Tax Deduction and Collection Account Number is a ten-digit alphanumeric identity, allotted to such business entities that deduct or collect taxes at source.

    Every organization that deducts or collects taxes at source is required to apply for a TAN, which must be quoted in their TDS/TCS returns.

    After obtaining TAN, TDS returns must be filed quarterly by businesses.

  • Procedure

    How to apply for TAN?

    How to apply for TAN?
  • In order to apply for TAN, log on to the TAN application page on the NSDL portal.

    Next, click on 'Online Application for TAN (Form 49B).'

    Select the category of deductors from the drop-down menu, and click on 'Select' button.

    Fill out all the required details in the form.

    Finally, after making the payment, an acknowledgement slip will be generated.

    Save this acknowledgement slip.

  • Information

    Final steps

  • Save the printed copy of the acknowledgement slip and send it to NSDL along with necessary documents. This is the address: NSDL e-Governance Infrastructure Limited, 5th floor, Mantri Sterling, Plot No. 341, Survey No. 997/8, Model Colony, Near Deep Bungalow Chowk, Pune-411016

  • India
  • Tata Consultancy Services (TCS)
  • Income Tax Department
  • PAN Card
  • Tax Deducted at Source (TDS)
  •  
Latest News
  • Samsung Galaxy Quantum2 smartphone previewed in unboxing video: Details here
    Samsung Galaxy Quantum2 smartphone previewed in unboxing video: Details here
    Science
  • Limited-edition KTM 1290 Super Duke RR sports bike sold out
    Limited-edition KTM 1290 Super Duke RR sports bike sold out
    Auto
  • 2021 Mahindra Scorpio (automatic) SUV found testing; interior details revealed
    2021 Mahindra Scorpio (automatic) SUV found testing; interior details revealed
    Auto
  • IPL-2021, KKR vs MI: Quinton de Kock included in XI
    IPL-2021, KKR vs MI: Quinton de Kock included in XI
    Sports
  • Punjab woman moves court claiming Prince Harry promised marriage
    Punjab woman moves court claiming Prince Harry promised marriage
    India
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Reliance Jio OPPO Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Chris Lynn Samsung Virat Kohli
Rohit Sharma Cricket News Mahendra Singh Dhoni YouTube Hollywood News WhatsApp Bollywood News Real Madrid ISRO Yoga
Honda Batman Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Apple Tesla
Royal Challengers Bangalore Toyota Fashion Tips Amit Shah Mercedes Sidharth Malhotra Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV
Smart TV Marvel Comics Avengers Neha Kakkar
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021