PAN Requirement. To receive affiliate commission payouts, you must submit a valid Permanent Account Number (PAN) issued by the Income Tax Department of India. Your PAN is verified in real-time against the NSDL database via Cashfree Payments India Pvt Ltd. Submitting a PAN that does not belong to you is a violation of these terms and may result in account suspension.
TDS Deduction (Section 194H). DealZap is required by law to deduct Tax Deducted at Source (TDS) on commission payments. TDS is deducted at 2% on commissions exceeding ₹15,000 in a financial year (April 1 to March 31) where a valid PAN has been verified. Where no valid PAN is on record, TDS is deducted at 20% as required by Section 206AA of the Income Tax Act. A TDS certificate (Form 16A) will be issued annually.
Bank Account Verification. You authorise DealZap to verify your bank account through Razorpay Software Pvt Ltd using the Fund Account Validation service (penny-drop). This process deposits and immediately reverses ₹1 to confirm that the account is active and belongs to you. The NPCI-registered name returned by this process must reasonably match your account name; a significant mismatch will require manual review.
Name Matching. We use automated name-matching (Jaro-Winkler algorithm) to compare your account name against the name registered on your PAN and bank account. A score below our threshold triggers a manual review queue. Accounts where both verifications fail may be restricted from requesting payouts until resolved.