What is a PAN Card?

PAN card:

The Permanent Account Number, PAN, is an identification number assigned to all taxpayers in India by the Income Tax Department. The PAN Card helps the IT department keep track of the financial transactions of an individual and firm.

Eligibility criteria and documents required

To apply for a PAN card, you need to submit proof of address (such as your Voter ID card) and proof of identity such as your Aadhaar card. The cost of applying for the PAN card is Rs. 110 if dispatched in India and Rs. 1,020 if sent outside the country.

How do I apply for a PAN card?

Steps for enrolling for a PAN card:

• Visit the official PAN – NSDL/UTIITSL website
• Fill in the form and submit the required documents
• Pay the processing fee
• Your PAN card will be sent to your address in 15 days

Related posts: How to apply for a PAN card online?

How to correct PAN Card details?

• Visit the official website of NSDL E-Governance
• Click on the ‘PAN’ section
• Go to the ‘Apply online’ tab
• Scroll down to ‘Change/correction in PAN data’
• Choose ‘Changes or Correction in existing PAN data/Reprint of PAN card (No changes in Existing PAN Data)’ in the dropdown menu
• Add the required details and submit the form

You will also need to submit a copy of your address and identity proof as supporting documents for the required changes. Your PAN card is valid for your lifetime.

Uses of PAN card

The PAN card is a document issued by the government of India to help identify financial transactions made by an individual or entity. This card is required for the following purposes:

• Filling IT returns
• Opening a new bank account
• Buying or selling a motor vehicle or property
• Applying for a credit or debit card
• Purchasing jewellery
• Exchanging foreign currency
• Making insurance payments exceeding Rs. 50,000 per annum
• Investing in fixed deposits or stocks
• Applying for a loan
• You will also need to submit a copy of your PAN card when applying for a Bajaj Finserv EMI Network Card

PAN card FAQs

What is the cost of applying for a PAN card?

The cost of applying for the PAN card is Rs. 110 if dispatched in India and Rs. 1,020 for outside the country.

What are the documents required to apply for a PAN card?

You need to submit proof of address, such as your Voter ID Card, and proof of identity like your Aadhaar Card.

How can I check my PAN card Status online?

You can check your PAN card status online by clicking here. You will need to provide the application type and acknowledgment number.

How do I download my PAN card online?

You can download the soft copy of your PAN card through the NSDL portal by submitting your acknowledgment number and date of birth.

• Follow these steps to download your e-PAN card using your acknowledgement number:

1. Visit the NSDL portal
2. Enter the acknowledgement number
3. Click on ‘Generate OTP’
4. Enter the OTP sent to your registered mobile number
5. Click on ‘Validate’
6. Click on the ‘Download PDF’

• Follow these steps to download your e-PAN card using your date of birth:

1. Visit the NSDL portal
2. Enter details such as your date of birth and PAN card number
3. Click on ‘Submit’ and download your e-PAN for free