Whoever makes payments like salary, interest, commission, professional fees, contract payment etc. to other person has to deduct a specified % of tax (called TDS) before making such payment and file a return for the same.
TAN is required for the purpose of TDS return filing.
One cannot claim refund of the tax deducted unless a TDS return is filed by the deductor.
PAN of deductees/ employees is required for depositing TDS in their name.
Due Date- Last date of next month (except for Jan-Mar quarter- 31st May)