PAN Card Apply Online & Application Form | PAN Card Check Beneficiary Category & Last Date | PAN Card Check Benefits & Features | PAN Card Check Selection & Implementation Procedure | PAN Card Check Eligibility & All Details | 

A PAN Card is not just a simple identification document; it plays a crucial role in various financial and legal activities in India. From income tax filing to opening bank accounts, from GST registration to international travel, and from loan processing to investment activities, a PAN card is a must-have for individuals and businesses alike. It brings transparency, accountability, and ease of transactions in the financial ecosystem, making it an essential document for every Indian citizen.

This article will provide all types of information about the PAN Card 2024 like purpose, Eligibility Criteria, Benefits, Features, important documents, etc. We will also share the process to Apply online for this card. To get complete information about this card, read this article till the end.

PAN Card          

A Permanent Account Number (PAN) card is a unique 10-digit alphanumeric identification number issued by the Income Tax Department of India to individuals and entities. The card serves as a key document for various financial transactions and is mandatory for filing income tax returns, opening a bank account, applying for a credit card, and other financial activities. The PAN card contains crucial information such as the holder’s name, date of birth, photograph, and signature, which helps in verifying the identity of the cardholder.

The process of obtaining a PAN Card involves submitting an application form along with supporting documents such as proof of identity, address, and date of birth. The application can be made online through the official website of the Income Tax Department or at authorized PAN service centers. Once the application is processed and approved, the PAN card is dispatched to the applicant’s registered address within a few weeks. It is important to keep the PAN card safe and secure, as it is a vital document that is required for various financial and official transactions.

Highlights of PAN Card 2024

The highlights of this card are as follows:- 

Objectives of PAN Card 2024

The PAN card serves several objectives, some of which are:

• Identification: The PAN card acts as a unique identification number for individuals and entities, helping to establish their identity for various financial and non-financial transactions.
• Taxation: The primary objective of the PAN card is to facilitate the assessment and collection of income tax. It helps the Income Tax Department track financial transactions and ensures tax compliance.
• Prevention of Tax Evasion: By linking financial transactions to a unique PAN number, the government can identify and prevent tax evasion and other financial irregularities.
• Financial Transactions: The PAN card is required for various financial transactions, such as opening a bank account, investing in securities, buying or selling immovable assets, and applying for loans.

Beneficiary Category

The PAN card is available to both individuals and entities. The beneficiary categories include:

• Individuals: Any individual, whether a citizen of India or a foreign national residing in India, can apply for a PAN card.
• Companies: All types of companies, including private limited, public limited, and partnership firms, need to have a PAN card.
• Trusts and Charitable Organizations: Trusts and charitable organizations are also required to obtain a PAN card for various financial transactions.
• Hindu Undivided Families (HUFs): HUFs are eligible for a PAN card, which serves as the unique identification number for the family.

Application Enrollment, Last Dates, and Selection Procedure

The application process for a PAN card can be done online or offline. The last dates for enrollment vary depending on the type of applicant. The selection procedure involves the following steps:

• Application Form: The applicant needs to fill out the PAN card application form, providing all the necessary details and supporting documents.
• Document Verification: The submitted documents are verified by the concerned authorities to ensure their authenticity.
• Payment of Fees: The applicant needs to pay the prescribed fees for processing the PAN card application.
• Dispatch of PAN Card: Once the application is processed and approved, the PAN card is dispatched to the applicant’s address.

Implementation Procedure

The implementation procedure for obtaining a PAN card involves the following steps:

• Online Application: Visit the official website of the Income Tax Department and fill out the online application form for a PAN card.
• Document Submission: Upload the required documents, such as proof of identity, proof of address, and date of birth proof.
• Payment of Fees: Make the payment for the PAN card application through the available online payment options.
• Verification and Processing: The submitted documents are verified, and the application is processed by the concerned authorities.
• Dispatch of PAN Card: Once the application is approved, the PAN card is dispatched to the applicant’s address.

Supervision Body

The Income Tax Department of India is the supervising body responsible for issuing and managing PAN cards. It ensures the smooth functioning of the PAN card system and takes necessary actions to prevent misuse or fraudulent activities.

Purpose of card

The Permanent Account Number (PAN) card is a unique 10-digit alphanumeric code issued by the Income Tax Department of India. The primary purpose of the card is to track financial transactions and ensure that individuals pay their taxes correctly.

Importance of Having a card

Having a card is crucial for several reasons. Firstly, it acts as a universal identification key for all financial transactions. Whether you’re opening a bank account, applying for a loan, or making large purchases, a card is often required.

Mandatory for Financial Transactions

In India, a card is mandatory for various financial transactions, including opening a bank account, investing in securities, buying property, or vehicles above a certain value, and even applying for a credit card. Without a valid card, you may face limitations in conducting these activities.

Identification Proof for Individuals

Apart from facilitating financial transactions, a card also serves as a valid proof of identification for individuals. It contains essential details such as name, date of birth, and photograph, making it a reliable document for verification purposes.

Aids in Preventing Tax Evasion

One of the crucial reasons why a card is mandatory for financial transactions is its role in preventing tax evasion. By linking all financial transactions to a unique PAN, the government can track individuals’ income and expenditure, ensuring they pay their taxes correctly.

Required for Opening Bank Accounts

When you decide to open a bank account in India, whether it’s a savings account, fixed deposit account, or a demat account, having a card is essential. Banks require your card details to comply with regulatory requirements and report high-value transactions to the tax authorities.

Necessary for Filing Income Tax Returns

If you’re an Indian resident earning income, filing income tax returns is mandatory. And to do so, you need a card. Your PAN is used as a unique identifier when filing your tax returns, claiming tax deductions, and receiving tax refunds.

Fees and Charges

Obtaining a card involves a nominal fee, which may vary based on whether you’re applying for a new card or making changes to an existing one. It’s essential to pay the prescribed fee and submit the necessary documents to receive your card promptly.

Income Tax Filing

One of the primary purposes of a card is to facilitate income tax filing. Every individual, including salaried employees, self-employed professionals, and business owners, is required to file their income tax returns. The card serves as a unique identifier, helping the Income Tax Department track and record an individual’s tax-related activities.

Opening Bank Accounts

When it comes to opening a bank account, whether it be a savings account, current account, or fixed deposit, a card is often necessary. Banks require PAN details to comply with the Know Your Customer (KYC) norms set by the Reserve Bank of India (RBI). This ensures transparency and helps prevent fraudulent activities.

Financial Transactions

Various financial transactions, such as purchasing or selling assets, making investments, and conducting high-value transactions, require quoting your card number. It acts as a proof of identity and helps in tracking financial activities to prevent money laundering and tax evasion.

Identity Proof

A card is widely accepted as a valid identity proof document in India. It can be used for various purposes, such as applying for a passport, obtaining a driving license, or even as proof of identity while booking tickets for domestic or international travel.

GST Registration

With the introduction of the Goods and Services Tax (GST) in India, businesses are required to register under the GST regime. card details are mandatory for GST registration, as it helps in linking the taxpayer’s income tax details with their GST records, ensuring compliance and accountability.

International Travel

For individuals planning to travel abroad, a card can serve as a valid proof of identity and address. It is often required while applying for a visa or during immigration checks at airports. Having a card can simplify the documentation process and ensure a hassle-free travel experience.

Loan Processing

When applying for a loan, whether it be a personal loan, home loan, or business loan, banks and financial institutions often require card details. It helps them verify the borrower’s identity, track their financial history, and assess their creditworthiness before approving the loan.

Pension Disbursement

Retired individuals who receive pension benefits from the government or their employers need to provide their card details. This helps in ensuring that the pension payments are made to the correct individual and are in compliance with the income tax regulations.

Insurance Premium Payments

Insurance companies often require card details while issuing policies or accepting premium payments. This helps them maintain accurate records of policyholders and ensures that any payouts or benefits are made to the rightful beneficiaries.

Investment Activities

Whether it be investing in stocks, mutual funds, or other financial instruments, having a card is mandatory. It acts as a unique identifier for all investment activities and helps in tracking the individual’s capital gains, dividends, and other financial transactions for taxation purposes.

Key Guidelines for PAN Card Application

When applying for a PAN card, it is important to keep the following guidelines in mind:

• Provide accurate and complete information in the application form.
• Submit valid and authentic supporting documents.
• Ensure the uploaded documents are clear and legible.
• Pay the prescribed fees through the authorized payment methods.
• Double-check the application form before submission to avoid any errors or discrepancies.
• Keep a copy of the submitted application and payment receipt for future reference.
• Follow the instructions provided by the Income Tax Department for document submission and verification.
• Keep track of the application status through the online portal or helpline numbers.
• Provide a valid and active contact number and email address for communication purposes.
• Cooperate with the authorities during the verification process, if required.

Important Instructions for PAN Card Applicants

Applicants for a PAN card should take note of the following important instructions:

• Apply for a PAN card well in advance to avoid any last-minute delays or complications.
• Ensure the supporting documents are up to date and valid.
• Keep the PAN card and related documents in a safe and secure place.
• Do not share the PAN card details or number with unauthorized individuals or entities.
• Notify the Income Tax Department in case of any change in personal details or address.
• Inform the concerned authorities about the loss or theft of a PAN card and apply for a duplicate card.
• Keep track of the PAN card renewal dates and apply for renewal before expiration.
• Comply with the income tax regulations and file tax returns regularly.
• Seek professional assistance if facing any difficulties or queries regarding the PAN card application process.
• Adhere to the guidelines and instructions provided by the Income Tax Department for PAN card-related matters.

Tips and Tricks for PAN Card Application

Here are some useful tips and tricks to keep in mind when applying for a PAN card:

• Gather all the required documents and information beforehand to ensure a smooth application process.
• Follow the instructions provided in the application form and on the Income Tax Department’s website.
• Double-check the accuracy of the information provided in the application form to avoid any rejections or delays.
• Keep a record of the application acknowledgment number for future reference and tracking.
• Keep track of the application status through the online portal or helpline numbers.
• Be patient during the verification and processing stages, as it may take some time to receive the PAN card.
• Keep a digital copy or photocopy of the PAN card for emergencies or reference purposes.
• Update the PAN card details in other financial and official records, such as bank accounts and Aadhaar card.
• Seek assistance from knowledgeable individuals or professionals if facing any difficulties or doubts during the application process.
• Stay updated with the latest guidelines and notifications issued by the Income Tax Department regarding the PAN card.

General Points to Remember

Here are some general points to remember when dealing with PAN card-related matters:

• Ensure the PAN card is kept in a safe and secure place to prevent loss or damage.
• Do not use the PAN card for any illegal or fraudulent activities.
• Keep the PAN card details confidential and do not share them with unauthorized individuals or entities.
• Update the PAN card details in case of any changes in personal information or address.
• Comply with the income tax regulations and file tax returns within the specified deadlines.
• Keep track of the PAN card renewal dates and apply for renewal in a timely manner.
• Report any issues or discrepancies related to the PAN card to the Income Tax Department.
• Stay informed about the latest updates and changes in the PAN card application and verification process.
• Follow the guidelines and instructions provided by the Income Tax Department for PAN card-related matters.
• Seek professional assistance if facing any difficulties or queries regarding the PAN card.

PAN Card Application

To apply for a PAN card, you can visit the official website of the Income Tax Department or authorized service providers. Fill out the online application form with accurate details, submit the required documents, and make the payment. You can also apply for a physical PAN card by visiting the nearest PAN card center.

PAN Card Status

After applying for a PAN card, you can track the status of your application online. Simply enter your application number on the official website, and you will get real-time updates on the progress of your PAN card processing.

PAN Card Download

Once your PAN card application is approved, you can easily download the e-PAN card from the Income Tax Department’s website. The electronic version of the PAN card is equally valid and can be used for all official purposes.

PAN Card Correction

In case there are any errors in your PAN card details, such as name, date of birth, or photograph, you can request corrections online. Fill out the correction form, upload the supporting documents, and submit the request. You will receive an updated PAN card with the correct information.

PAN Card Online Verification

To verify the authenticity of a PAN card, you can use the online verification tool provided by the Income Tax Department. Enter the PAN number, captcha code, and submit the request to validate the details associated with the PAN card.

PAN Card Customer Care

If you encounter any issues with your PAN card application, status tracking, or other services, you can reach out to the PAN card customer care support. The dedicated helpline numbers and email addresses are available for assistance.

PAN Card Registration

To register your PAN card with various financial institutions, such as banks, insurance companies, or mutual funds, simply provide your PAN number along with the required documents. This will help in seamless transactions and compliance with tax regulations.

PAN Card Benefits & Features

The benefits and features of this card are as follows:-

• Income Tax Filing: The primary purpose of a PAN card is to file income tax returns. It is mandatory for individuals and entities that engage in financial transactions above a certain threshold to possess a PAN card.
• Opening Bank Accounts: Banks require a PAN card for opening new accounts, both savings and current. Having a PAN card is necessary to facilitate smooth banking operations.
• Financial Transactions: PAN card is essential for high-value financial transactions such as buying or selling property, vehicles, or making investments exceeding a specified limit.
• Identity Proof: A PAN card serves as a valid identity proof accepted by government institutions, private organizations, and financial entities.
• GST Registration: Businesses looking to register for Goods and Services Tax (GST) need to provide their PAN number during the registration process.
• International Travel: If you plan to travel abroad or conduct foreign exchange transactions, a PAN card is required to comply with regulatory guidelines.
• Loan Processing: Banks and financial institutions ask for PAN cards when processing loan applications to verify the applicant’s financial history.
• Pension Disbursement: Retired individuals receiving a pension must link their PAN card with their pension account for the disbursement of funds.
• Insurance Premium Payments: Insurance companies mandate the submission of PAN details for issuing policies, especially for high premium amounts.
• Investment Activities: PAN card is necessary for opening demat accounts, investing in the stock market, and mutual funds to track financial transactions.

Eligibility Criteria for PAN Card

To apply for a PAN card, individuals must meet the following eligibility criteria:-

• Indian citizens residing in the country
• Foreign nationals residing in India
• Entities such as companies, firms, and trusts engaged in financial transactions
• Minors can also apply for a PAN card with a guardian’s consent

Important Documents for PAN Card Application

When applying for a PAN card, the following documents are required:

• Proof of identity (Aadhar card, passport, voter ID)
• Proof of address (utility bill, rent agreement, driving license)
• Date of birth proof (birth certificate, school leaving certificate)
• Passport size photographs

PAN Card Apply Online 2024

To Apply online, follow the below-mentioned points:-

• Visit the NSDL website (https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html) and choose the application type (New PAN, Update PAN etc.).
• Select your category (individual, company etc.) and fill out the PAN form with your details.
• Choose “Continue with e-KYC” and enter your Aadhaar details.
• Provide your contact information and other details.
• Review your application and submit it.
• Use Aadhaar OTP for verification and proceed to payment (credit/debit card, net banking).
• Complete Aadhaar authentication and e-sign the application.
• You will receive a PDF acknowledgement slip.

Instant e-PAN using the Income Tax e-filing website

Follow the below-mentioned points to fill the tax:-

• Go to the Income Tax e-filing website and select “Instant e-PAN” from the Quick Links section.
• Enter your Aadhaar number and confirm details.
• Receive an OTP on your Aadhaar linked mobile number and validate it.
• You will get an acknowledgement number upon successful submission.

Online PAN Application through UTIITSL Portal

Follow the below-mentioned points to apply online through another portal:-

• Visit the UTIITSL PAN card application page and choose “PAN Card for Indian Citizen/NRI”.
• Select “Apply for New PAN Card” and choose “Digital Mode” (e-Signature) or “Physical Mode” (printed copy).
• Enter your personal information and submit the application.
• Make the online payment through available gateways (credit/debit card, net banking).
• Print the application form (if using Physical Mode), attach photos and signature.
• Submit the application online or mail it to the nearest UTIITSL office along with supporting documents (proof of identity, address, DOB).

Applying Offline for a PAN Card

The offline mode of application are as follows:-

• Visit the official website of Protean e-Gov Technologies (https://www.protean-tinpan.com/) and download Form 49A (or 49AA for foreign nationals).
• Fill out the application form and attach a passport-size photo and photocopies of supporting documents.
• Pay the fee (Rs. 110) with a demand draft or cash.
• Write “APPLICATION FOR PAN – N- [Acknowledgement Number]” on an envelope and mail it to the specified address along with the application and documents.

Top 10 FAQs About PAN Card

• Can I have multiple PAN cards?
  No, it is illegal to possess more than one PAN card. Each individual or entity can only have one unique PAN number.
• What is the processing time for a PAN card application?
  The processing time for a PAN card application is typically 15-20 working days from the date of submission.
• Can I apply for a PAN card online?
  Yes, individuals can apply for a PAN card online through the NSDL or UTIITSL websites.
• Is it mandatory to link PAN with Aadhar?
  Yes, it is mandatory to link your PAN card with Aadhar as per government regulations.
• What is the fee for a PAN card application?
  The fee for a PAN card application is Rs. 93 for Indian residents and Rs. 864 for foreign residents.
• Can I update my address on the PAN card?
  Yes, you can update your address on the PAN card by submitting the relevant proof of address documents.
• What is the validity of a PAN card?
  A PAN card does not have an expiry date and remains valid for a lifetime.
• What should I do if I lose my PAN card?
  In case of a lost PAN card, you can apply for a duplicate PAN card by following the specified procedure.
• Can minors apply for a PAN card?
  Yes, minors can apply for a PAN card with a guardian’s consent and relevant documents.
• Is it necessary to mention PAN for all financial transactions?
  Yes, mentioning PAN is mandatory for specified financial transactions exceeding a certain threshold.