You, as an employer, can take the following steps to obtain TAN: Not quoting TAN in all TDS-related communications may attract a penalty of Rs 10,000 for a deductor. Every person required to deduct tax at source should obtain a TAN and is required to quote the number in all TDS returns, TDS payments and any other TDS communication with the IT department. In this article, we will talk about everything that an employer needs to know about TDS on salary payments and how Razorpay is simplifying it further. To deduct tax at source on salary payments, an employer needs to obtain Tax deduction and collection Account Number (TAN) from the Income Tax Department and then register themselves as a deductor on TRACES website. Tax Deducted at Source (TDS) on salary payments is governed by Section 192 of the Income Tax Act. Penalty for non-filing of TDS return under section 271HĮvery employer in India is mandatorily required to deduct tax at source at the time of payment of salary to the employee.Late filing or non-filing of TDS returns. ![]() ![]() TDS on salary from more than one employer.
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