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What is the use of PAN card in India?

Author

Olivia House

Updated on February 26, 2026

What is the use of PAN card in India?

The answer is the PAN card. The Permanent Account Number (PAN) card, issued by the Income tax Department, is one of the most important documents nowadays. The card was issued in order to prevent tax evasion by individuals and entities as it links all financial transactions made by a particular individual or entity.

Also asked, what is the benefit of PAN card in India?

A PAN card helps the Income-tax Authority in keeping a track of all financial transactions that may be essential in assessing an individual or companies tax liability, it helps in reducing the chances of tax evasion.

One may also ask, who needs a PAN card? All Indian citizens having the source of income and valid proofs (as prescribed by the Income Tax Department) are eligible to apply for PAN card. Obtaining a PAN card or Permanent Account Number is mandatory for every tax payer or the person who needs to file an income tax return on behalf of self or others.

Also asked, why is PAN card necessary for bank account?

Identification Proof – PAN card serves as a legitimate proof of identity across the country. New Account in a Bank or Post Office – It is mandatory for every individual to provide a self-attested copy of their PAN cards to open an account in a bank or post office.

How can I know where my PAN card is used?

If you want to know the details of your PAN Card by submitting details like PAN number, you need to visit Income Tax website. The page will display 'Know Your Jurisdictional A.O'. You need to fill up details – PAN card number and Mobile number which is linked with your PAN card.

What is Pan card use for?

The Permanent Account Number (PAN) card, issued by the Income tax Department, is one of the most important documents nowadays. The card was issued in order to prevent tax evasion by individuals and entities as it links all financial transactions made by a particular individual or entity.

What are the disadvantages of PAN card?

Biggest disadvantage would be once you are alloted a PAN, you cannot escape from Income Tax department. If you do transaction frequently without any proof of income then that is to be treated as income of your wife.

Is PAN card mandatory for ATM card?

PAN is mandatory for issuance of debit card. If you have a PAN, submit the pan along with reuqest for ATM card.

Can PAN card be misused?

As a majority of transactions demand a photocopy of your PAN card, or simply quoting the Permanent Account Number, it is very easy for your information to be misused for high ticket purchases or benami property transactions. If you are a non-tax paying PAN card holder, you may not even be able to check this form.

Is bank account necessary for PAN card?

PAN card is compulsory and is required for doing most financial transactions. The I-T department has made it mandatory to link your bank account with PAN. The main reason for this is that your income tax refunds will be credited directly to your bank account.

Is PAN card different for NRI?

What is the difference between an NRI PAN card and just a PAN card? There is no difference between NRI Pan card and reseident pan card. NRI required PAN card for the purpose of financial transation / any taxable income in India. Only the difference is they need some extra docs.

What is Pan and its features?

PAN is a unique identification number assigned to every Indian, mostly who pay tax. Through this method, all tax related information for a person is recorded against a single number which acts as the primary key for storage of information.

What are the advantages and disadvantages of Pan?

Personal area network (PAN) advantages and disadvantages
  • PANs are efficient, cost-effective and convenient.
  • Some PANs can interact badly with other wireless networking technologies using the same radio bands.
  • Bluetooth networks are relatively secure but have slow data rates.

What is the fees for PAN card?

The charges for applying for PAN is Rs. 93 (excluding GST) for Indian communication address and Rs. 864 (excluding GST) for foreign communication address. Payment of application fee can be made through credit/debit card, demand draft or net-banking.

Is Aadhaar card compulsory for PAN card?

Aadhaar-PAN linking is now mandatory for the PAN holders requiring filing of Income Tax Return. The last date to link aadhaar number and PAN is 31.3. 2020. Also, you have mention your name as mentioned in Aadhaar card in the PAN application form.

Can I deposit 3 lakh to a savings account without having a PAN card?

Any cash deposit amount below Rs. 10,00,000/- with a PAN number doesn't require reporting to the Income tax department, but any amount beyond that has to be reported to the Income tax department. Hence, it is mandatory to have a PAN card to deposit 3 lakh into a savings account.

Is Aadhaar card enough for opening bank account?

But, according to a PTI report quoting a UIDAI official, there are no restrictions on using a physical copy of the Aadhaar card for verification of a new customer's identity if he or she wants it. In short, if you find Aadhaar convenient and safe then you can use it to open a bank account.

Can I open bank account with PAN card only?

Account can be opened with simply an AADHAR card. However, to use your account for sizeable withdrawals/transactions, and avoid TDS @20% on interest earnings, PAN must be fed in account.

Can bank account be open without Aadhar card?

So no one can open a bank account in your name without your verification through biometric/OTP etc. If however, a bank account is opened by accepting Aadhaar without biometric or OTP authentication and other verification, then the bank will be held responsible for any loss.

What happens if PAN card is not linked with Aadhar?

According to income tax laws, if PAN is not linked with Aadhaar by this date, then your PAN will become inoperative. The government is yet to specify the meaning of the word 'inoperative' even though the rule regarding this was amended in the July 2019 Budget. The amendment had come into effect from September 1, 2019.

What is the age limit for PAN card?

18 years

Can I get loan without PAN card?

PAN card also serves as a mandatory document for receiving salary, purchase of mutual funds, buying a life insurance policy or even getting a loan. However, one can get a personal loan without a PAN card only if the loan amount is below Rs. 50,000, but this condition too varies from lender to lender.

Is PAN card mandatory for salary?

Yes, it is your duty to provide PAN Copy to your employer although your salary for that year may not exceeding the exemption limit of Income Tax. Also if your Salary annually exceeds the threshold limit of Income Tax your Employer would be liable for the deduction of TDS (Tax deducted at Source).

Can OCI get PAN card?

NRI or OCI holder has to live in India for more than 182 days in financial year in which he is applying for adhaar card. For PAN card he has to apply for NRI PAN card with abroad address & PAN card will be delivered to your abroad address. U can apply online for PAN card. Go to nsdl pan card site.

Can Nepali citizen apply for PAN card?

PAN number is unique to every PAN card holder. Once PAN card is issued, it remains valid for the entire life of the PAN card holder. Yes, the citizen of Nepal can have PAN card in India. See, the if you are earning income in India then you are required to get PAN card.

What documents are required for company PAN card?

Proof of identity
  • School leaving certificate;
  • Matriculation certificate;
  • Degree of a recognised educational institution.
  • Depository account.
  • Credit card.
  • Bank account.
  • Water bill.
  • Ration card.

Is PAN card necessary for students?

Government of India has made it mandatory for all the individuals to possess PAN card that includes PAN card for students as well. As PAN card can be possessed by both the adults and minors, PAN card for students can act as alternative identity proof of school identification card.

What is Pan no in India?

PAN, or permanent account number, is a unique 10-digit alphanumeric identity allotted to each taxpayer by the Income Tax Department under the supervision of the Central Board of Direct Taxes. It also serves as an identity proof. The PAN number remains unaffected by change of address throughout India.

Can we download PAN card?

You can download PAN card soft copy (e-PAN card) through the NSDL portal with your Acknowledgement number as well as your PAN and date of birth. Here are the steps by which you can download your e-PAN card with the acknowledgement number: Visit the NSDL portal to download the e-PAN with acknowledgement number.

What does 10 digit PAN number mean?

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application.

Can I see my PAN card online?

Yes you can see your PAN CARD Details online including your PAN Number. 2: At Income Tax Department official website, you have to click on Know Your PAN.

How can I get PAN details?

Search PAN Card details by PAN Number
  1. Log onto Income Tax Department e-Filing website.
  2. Click on “Register Yourself” & Enter your PAN Card number.
  3. Fill up the Registration Form and submit it.
  4. A link will be sent to your email address.
  5. Go to Profile Settings and click on PAN Details.
  6. Your details will be generated.

How can I know my PAN number by name and date of birth?

Know your PAN number by Name and Date of Birth
  1. Step 2: Click on “Know Your PAN” under section “Quick Links” displayed on the left side of the screen.
  2. Step 3: After that enter all the details including name, date of birth and mobile number.
  3. Step 4: You will receive OTP on your registered mobile number linked with PAN.

How can I know my PAN number by name?

PAN Card Details by Name and Date of Birth
Step 2: Click on “Know Your PAN” under section “Quick Links”. Step 3: Enter surname, middle name, first name, status, gender, date of birth and mobile number. Step 4: You will receive OTP on your registered mobile number linked with PAN.

How check PAN is valid or not?

To check the PAN card validity online, head to the Income Tax e-Filing website, and click on the Know Your PAN button on the left side of the screen. On the next page, fill in the requisite details – name, status (individual, company etc.), mobile number, and so on.

Can we share Aadhar card number?

As none of the Aadhaar cards shown are taken from UIDAI database," the statement said. While Aadhaar has to be shared with others, being a personal information like mobile number, bank account number, PAN card, passport, family details, etc, Aadhaar too should be protected to ensure privacy of a person, UIDAI said.

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