Utility News: How is a TAN card different from a PAN card? Click here to know for what purpose it is necessary

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Do you know about the TAN card? Otherwise, today we are going to give you information that how it differs from a PAN card. A TAN card is a 10-digit alphanumeric code issued by the Income Tax Department, whose full name is Tax Deduction and Collection Account Number. 

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 TAN card is used by people deducting or depositing tax. In simple words, a TAN card is made for tax deductors while PAN is made for taxpayers. 

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A TAN card is necessary for those people or companies who give money in return for any work. It is their responsibility to deduct tax and give money to others in return for work. Many companies do the same. You can apply for a TAN card through Form 49B. For this card, you have to pay Rs.62.