In this section, you can update your organisation’s tax information. These details help us generate Form 16 for your employees.
- Go to Settings > Taxes.
- Enter/update the following details:
The Permanent Account Number (PAN) card is a vital document for any taxpayer. PAN is a 10-character number consisting of letters and digits. Any corporate organisation doing business in India requires a PAN card whether it is registered in India or abroad.
Tax Deduction and Collection Account Number (TAN) is a unique 10 digit alpha numeric code whose primary purpose is deduction or collection of tax. All businesses who deduct or collect tax must have a TAN, quoting it in their TDS or TCS documents.
TDS Circle / AO Code
AO Code (Assessing Officer Code) is a combination of Area Code, AO Type, Range Code and AO Number. You can get this number from the Income Tax Office or by logging into your online Income Tax Account and navigating to the ‘My Profile’ section.
Tax Payment Frequency
Tax Payment Frequency tells us how often you deposit your Tax Deducted at Source (TDS) to the Income Tax Department. It will be set as Monthly by default. If your business follows a different tax payment frequency, write to us at email@example.com and we’ll enable it for you.
Tax Deductor Details
Tax Deductor is the person who is responsible for deducting income tax from each employee’s salary and depositing it to the Income Tax department. Select your organisation’s tax deductor from the drop-down and enter their father’s name.
Note: Tax Deductor should ideally be an employee in your organisation. Father’s name will be pre-filled in that case. Also, you cannot delete the employee who has been selected as a tax-deductor for your organisation.