I accidentally gave my employer's deductor the incorrect PAN. What are the consequences?

Providing an incorrect PAN (Permanent Account Number) to your employer's deductor could lead to several consequences:

• Tax Deduction Issues: If your PAN is incorrect, your tax deductions may not be credited to your account properly. This could result in discrepancies between the taxes deducted and your actual tax liability.

• Rectification Process: You'll need to rectify the mistake by providing the correct PAN to your employer and ensuring that it's updated with the tax authorities. This may involve paperwork and communication with both your employer and the tax department.

• Delayed Refunds: If there are discrepancies due to the incorrect PAN, it might delay processing of any refunds you're entitled to.