The Finance Ministry has made it easier for citizens to obtain an Instant PAN through their Aadhaar number. This move ensures tax compliance and discourages tax evasion.
Issuing a PAN card to everyone is also a step toward combating black money. With the Instant PAN service, citizens can use their Aadhaar Card to generate a PAN card, which proves to be highly useful.
Purpose of Obtaining an Instant PAN through Aadhaar Card
This service benefits individuals who possess a valid Aadhaar number but lack a PAN. It is a significant advancement in digitalization.
Your PAN acts as a unique identifier across your bank accounts, credit cards, and other financial transactions, contributing to tax transparency and reducing tax evasion.
Linking your PAN with Aadhaar and bank accounts plays a key role in preventing financial crimes. Fraudulent activities like credit card fraud, identity theft, and money laundering have risen in recent years. PAN is a vital tool in curbing these crimes. The government has made this service available for free to help individuals obtain PAN swiftly.
How to Get Instant PAN through Aadhaar
This option allows those with a valid Aadhaar card to receive an instant PAN. Unlike other processes, applicants won't need to fill out a full application form, and the PAN will be issued without any additional charges in PDF format.
The PDF comes with a QR code that includes demographic details like the applicant’s name, date of birth, and photo. The e-PAN can be downloaded from the income tax e-filing portal using the 15-digit acknowledgement number. A soft copy of the e-PAN will also be sent to your registered email address.
You can apply for an e-PAN through the NSDL and UTITSL websites for a fee. Alternatively, the e-PAN is available for free on the income tax e-filing portal. When applying for a PAN via this method, your Aadhaar number is automatically linked to your PAN.
Eligibility for Instant PAN through Aadhaar
The Instant PAN service is available to all individual taxpayers who have an Aadhaar card but haven't been assigned a PAN yet.
Steps to Apply for Instant PAN Card through Aadhaar
To use the 'Instant PAN through Aadhaar' service, follow these steps:
Step 1: Visit https://www.incometaxindiaefiling.gov.in/home.
Step 2: Under Quick Links on the left side, click on 'Instant PAN through Aadhaar'.
Step 3: Click on the 'Get New PAN' option.
Step 4: Enter your Aadhaar number.
Step 5: Complete the Captcha.
Step 6: Select 'I Confirm that' (by choosing this, you confirm the statements listed).
Step 7: Click on 'Generate Aadhaar OTP'. An OTP will be sent to your registered mobile number after clicking the 'Generate Aadhaar OTP' button.
Step 8: Enter the received OTP.
Step 9: Verify your Aadhaar information.
Once the details are successfully submitted, an acknowledgement number will be generated and sent to your registered phone and email.
How to Download e-PAN through Aadhaar
After receiving confirmation that a PAN number has been assigned, follow these steps to download your e-PAN:
Step 1: Visit the Income-tax Department's e-Filing website (www.incometaxindiaefiling.gov.in).
Step 2: Click on the 'Instant PAN using Aadhaar' link.
Step 3: Click on the 'Check Status of PAN' link.
Step 4: Enter your Aadhaar number and the OTP sent to your Aadhaar-registered mobile number.
Step 5: Check if your PAN has been allocated.
Step 6: If the PAN has been issued, click the download link to get your e-PAN PDF.