PAN is a unique 10-digit alphanumeric number issued by the Income Tax Department. It is primarily used for filing income tax returns and is mandatory for various financial activities. Businesses and individuals need a PAN for:Opening a bank accountFiling income tax returnsReceiving taxable salary or professional feesConducting high-value transactionsEssentially, PAN acts as a financial identity, ensuring transparency in income reporting and taxation.

TAN is a 10-digit alphanumeric number required by businesses and organizations that deduct Tax at Source (TDS) before making payments. If a company deducts TDS from salaries or vendor payments, it must obtain a TAN to:Deduct and deposit TDS as per tax regulationsFile TDS returns with the governmentEnsure compliance with tax lawsWhile PAN is essential for financial transactions and tax filings, TAN is necessary only for businesses or entities that deduct TDS.

What is PAN TAN Application?

PAN is the tax identity for an entity; TAN is required to deduct and deposit TDS. Both are foundational tax registrations for a business.

Who needs PAN TAN Application?

It applies once your business crosses the relevant threshold or undertakes activities that require it. We assess your situation and tell you clearly whether and when you need it.

What documents are required for PAN TAN Application?

Typically PAN, proof of business and address, and bank details. We prepare and file the application and follow it through to approval.

How long does PAN TAN Application take?

Timelines depend on how quickly documents are ready and on government or third-party processing, so we can’t promise a fixed date. We give you a realistic, stage-by-stage estimate up front and keep it moving — no outcome is guaranteed.

PAN TAN Application

PAN & TAN: Understanding the Difference

When running a business or earning taxable income, it's essential to know the difference between PAN (Permanent Account Number) and TAN (Tax Deduction Account Number). Both serve different purposes in taxation and financial compliance.

What is PAN?

PAN is a unique 10-digit alphanumeric number issued by the Income Tax Department. It is primarily used for filing income tax returns and is mandatory for various financial activities. Businesses and individuals need a PAN for:

Opening a bank account
Filing income tax returns
Receiving taxable salary or professional fees
Conducting high-value transactions

Essentially, PAN acts as a financial identity, ensuring transparency in income reporting and taxation.

What is TAN?

TAN is a 10-digit alphanumeric number required by businesses and organizations that deduct Tax at Source (TDS) before making payments. If a company deducts TDS from salaries or vendor payments, it must obtain a TAN to:

Deduct and deposit TDS as per tax regulations
File TDS returns with the government
Ensure compliance with tax laws

While PAN is essential for financial transactions and tax filings, TAN is necessary only for businesses or entities that deduct TDS.

Benefits of PAN (Permanent Account Number)

PAN serves as a legally accepted photo identification proof.
Without a PAN, higher TDS may be deducted, and tax credits may not be claimed.
It is mandatory for opening a bank account, though limited transactions are allowed without it.
Required for high-value transactions, such as purchasing property, vehicles, and investments.
Essential for filing income tax returns.

Benefits of TAN (Tax Deduction Account Number)

TAN is mandatory for businesses deducting TDS on payments.
It ensures proper tax compliance by facilitating accurate deduction and deposit of TDS as per regulations.

Requirements for PAN & TAN Application

A business is required to present Business registration documents such as Certificate of Incorporation, Partnership Deed, MOA, etc.
Name of the partner or proprietor and their role/designation in the business.
Address proof is required that may include Aadhaar Card or Passport.
Contact details are required that include Mobile Number and Email ID.

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Ayush Joshi

Co-Founder

Ex-OYO and Tenaciousfly. 7+ years in business development, strategic acquisitions, financing and debt syndication.

Aditya Jain

Co-Founder

Ex-Bank of America. 4+ years in investment banking, EU & Indian compliances, ESG compliances, and project management.

Manav Raval

Virtual CFO & Tax Specialist

Section 80-IAC, tax planning and startup compliance. Previously at Toyota Motor Corporation and Jaguar Land Rover.