Link your PAN with Aadhaar by May 31 to avoid higher TDS deduction

New Delhi: The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate.

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As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate.

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Last month, the income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31. (PTI)
 

• #New Delhi
• #PAN
• #Adhaar
• #Income Tax Department
• #taxpayers
• #Permanent Account Number
• #TDS