TAN Application
Definition
The process of obtaining a Tax Deduction and Collection Account Number, which any person deducting or collecting tax at source in India must hold before depositing TDS or TCS and filing the related returns.
Related Terms in India GST
Form 15G / 15H
Self-declarations an Indian resident can give to a deductor (such as a bank) to request no TDS on interest when their total income is below the taxable limit. Form 15H is for senior citizens and 15G for others who qualify.
Lower Deduction Certificate (Section 197)
A certificate the Indian tax authority issues allowing a payee's income to suffer TDS at a lower rate or nil, where their estimated tax liability justifies it. The deductor applies the certificate rate for the period it covers.
TDS on Salary
Tax deducted each month by an employer from an employee's salary in India under Section 192, based on projected annual income, declared investments and the chosen tax regime, so that the year's liability is spread across pay periods.
Equalisation Levy
A levy India applies to certain payments to non-resident digital service providers — historically on online advertising and, in a later form, on e-commerce supply. Its scope has changed over time and should be checked against the current law.
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