PAN Card India

What is PAN Card or PAN Number?

PAN Card is a laminated card, issued by the Income Tax Department of India. PAN Number is a unique ten-digit alphanumeric number. Expansion for PAN is "Permanent Account Number".

The main purpose of PAN Number is, to link all your transactions with the Income tax Department, like your tax payments, TDS/TCS credits, various tax returns you filed etc.,

As it is a unique number, it will be easy for the Income tax department to retrieve any information related to you.

PAN Number Sample

PAN Card

PAN Number Details: So the Front Side of your Card will have,

  1. Your Name,

  2. Surname,

  3. DOB,

  4. Your PAN Number,

  5. Your Photo, and

  6. Your Signature.

The back side of your Card will just have instruction as given below.

PAN Card Back Side

In case if you found other's PAN Card return it to the address given at the back side of the PAN Card. Recent instruction is you shall post it in any post office/post box nearby.

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PAN Number Format

PAN Number is unique 10 digit alpha-numeric number. Example: AAACX1111A. Let's see what these characters represent.

PAN Number

First three characters i.e. “AAA” in the above PAN Number are alphabetic series running from AAA to ZZZ.

Fourth character represents the assessee type. For example,

  • “P” stands for (Person) Individual,

  • “H” stands for HUF,

  • “F” stands for Firm,

  • “A” stands for AOP,

  • “T” stands for TRUST,

  • “C” stands for Company, etc.,

Fifth character (e.g. “X” in the above image) represents, first character of the last name/surname.

Next four characters (5-9) i.e. “xxxx” in the above image are sequential number running from 0001 to 9999.

Last character i.e. “A” in the above image is an alphabetic PAN check digit.

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Why you need PAN Number?

You need PAN Number for all correspondence with any income tax authority. For example,

  1. Filing tax return,

  2. Pay your tax,

  3. To view your tax credit statement Form 26AS,

  4. While applying for DIN,

  5. While applying for TAN, etc.,

It is also compulsory to quote your PAN in all documents pertaining to the financial transactions listed below as per the Income Tax Department of India.

  1. While you sell or purchase any immovable property valued at,
    Rs5,00,000 (rupees five lakh) or more,

  2. While you sell or purchase a motor vehicle,

  3. While you deposit any sum exceeding Rs50,000 (rupees fifty thousand), with a banking company,

  4. While you deposit any sum exceeding Rs50,000 (rupees fifty thousand), in any account with Post Office Savings Bank,

  5. While you entering a contract of a value exceeding Rs1,00,000 (rupees one lakh) for sale or purchase of securities,

  6. While you are opening a bank account,

  7. While you are applying for a telephone connection (including cell phone connection),

  8. While you are making payment for an amount exceeding,
    Rs25,000 (rupees twenty-five thousand) at any one time to hotels and restaurants against their bills,

  9. While you are making payment for an amount aggregating,
    Rs50,000 (rupees fifty thousand) or more during any one day in cash for purchase of bank drafts or pay orders or banker’s cheques,

  10. While you are depositing in cash aggregating Rs50,000 (rupees fifty thousand) or more with a bank during any one day,

  11. While you are making payment of an amount exceeding,
    Rs25,000 (rupees twenty-five thousand) at any one time in cash in connection with travel to any foreign country.

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Related Topics

How to apply for PAN? »

Acceptable PAN Proof Documents »

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