“Would you like to be able to create a new and completely free PAN card yourself in just 5 minutes? Now you don’t need to worry because you can not only apply for your free PAN card in just 5 minutes, but you can also download a free PAN card within a short time. So we will explain in detail how to make a PAN card for free?
When filling out any form like income tax or identification at airports, we need some documents, one of which is PAN card. What is a PAN card and how can you apply for it online from home, let’s find out. PAN card (Permanent Account Number) is an important government document used for personal identification, opening new bank accounts, banking transactions, etc. It can be made online and downloaded from a mobile or laptop in just 10 minutes. This entire process is completely free. The Income Tax Department is the authorized organization for issuing PAN cards. A penalty of Rs. 10,000 can be imposed for holding two PAN cards. Only the Income Tax Department accepts PAN card applications, no other organization does.
What is Pan Card?
The full name of PAN is “Permanent Account Number”. It is a unique identification number issued by the Income Tax Department of India. PAN serves as proof of identity for a taxpayer.
- A PAN card consists of 10 digits/characters – the first 5 characters (in sequence of the English alphabet, the 4th character representing the type of cardholder, and the 5th character representing the first letter of the individual/entity), followed by 4 digits and finally, 1 English character.
- The fourth character indicates the type of cardholder (individual, company, government, etc.).
- The fifth character is the first letter of the individual/organization.
- The last character is a verification serial code.
Why Pan Card is so Important?
A common person needs PAN card for the following circumstances:
- Opening a new bank account: Banks may require PAN number when opening a new account.
- Deposits/withdrawals exceeding Rs. 50,000: As per Income Tax Department guidelines, PAN is necessary for transactions exceeding Rs. 50,000.
- Buying/selling immovable property: PAN is required when buying or selling immovable property.
- Payment exceeding Rs. 25,000 in hotels: PAN is needed if a person makes a payment exceeding Rs. 25,000 in hotels.
- Applying for credit/debit cards: PAN is required when applying for credit or debit cards.
- Opening a demat account: PAN is needed when opening a demat account.
- Investing more than Rs. 50,000 in LIC in a financial year: PAN is required for investments exceeding Rs. 50,000 in LIC in a financial year.
- Buying/selling shares worth more than Rs. 50,000: PAN is needed for buying or selling shares worth more than Rs. 50,000.
- Purchasing a vehicle worth more than Rs. 50,000: PAN is required for purchasing a vehicle worth more than Rs. 50,000.
Eligibility for Applying for PAN Card
- The applicant must be at least 18 years of age.
- Only Indian citizens are eligible to apply for a PAN card.
- It is mandatory for the applicant to possess an Aadhaar card.
- The applicant’s mobile number must be linked to the Aadhaar card so that they can apply for a PAN card from home.
Documents Required for PAN Card
- Aadhaar Card
- Voter Identity Card
- Passport
- Ration Card
- Driving License
- Photo ID card issued by Central Government, State Government or any public sector undertaking
- Bank Passbook
- Arms License
- Central Government Health Scheme Card
- Pensioner Card with applicant’s photo
- Identity proof document in prescribed format signed by Member of Legislative Assembly, Member of Parliament, Municipal Councillor, or Gazetted Officer
- Bank statement on bank letterhead with attested photo of the applicant and bank account number.
PAN Card Services
Online Process for Apply Pan Card
Below is a detailed explanation of all the steps of the online process for making a PAN card. Please follow each step carefully.