PAN is an alphanumeric code that consists of 10 characters. It is given to all the judicial entities who can be identified under Income Tax Act of 1961.















The PAN card is issued by the Income Tax Department of India. The issuance of the Permanent Account Number card is supervised by the CBDT (Central Board for Direct Taxes). This particular card serves as one of the most important proof of identity for any individual who is a citizen of India or a permanent resident of India. Unlike the driving licence and Aadhar card, the Permanent Account Number card is also issued to the foreign nationals (such as businessmen or investors).

Who should apply for a PAN card?

Any person who earn an amount that is taxable in India should get a PAN card . This list includes the foreign nationals who pay their taxes in India

Any individual who has a business (be it consultancy, services or retail) that has a sales turnover of more than Rs.5 lakh in the last financial year must apply for Permanent Account Number (PAN)

How to apply for Permanent Account Number?

In order to apply for Permanent Account number use form 49AA or 49A as applicable to you. You can get more information about the same on incometaxindia.gov.in

Find out the address of the PAN office in your city from the Income Tax Department’s website or the website of NSDL (National Securities Depository Limited). You must carry your proof of identification along with address proof. The payment for the card can be made using demand draft, cheque or cash. Application can be done online via the websites of National Securities Depository Limited and Income Tax Department. If you apply online, you can choose to pay the fee through net banking, debit card or credit card. The status of your application for the Permanent Account Number can be tracked online.

Why get a Permanent Account Number?

The PAN car is extremely important and has been made mandatory for carrying out different financial transactions.