TDS and TCS compliance consolidates TAN, PAN, tax deposit, reporting and higher-rate consequences for missing PAN.

Tax deduction and collection compliance requires responsible persons to obtain and quote TAN, while deductees and collectees must furnish PAN. Failure to furnish PAN attracts higher prescribed deduction or collection rates, subject to specified non-resident exceptions and a rent-related cap. Deductors, collectors and specified employers must deposit tax within prescribed time limits and furnish required statements and information, including reporting for non-resident payments and correction statements. Collectors remain liable to deposit tax even where it has not actually been collected.

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