Getting a Permanent Account Number (PAN) card from income tax department is now easier than ever before. Check these steps to apply for e-pan.
As the year is coming to an end, the finance ministry on Monday listed several measures taken by the government in 2020 for the common people. The ministry took to Twitter to list several important documents that have been made available to people's homes in the wake of COVID-19.
As the year comes to an end, let us glance through the key initiatives/announcements along with their progress undertaken by Ministries of Finance & Corporate Affairs during the year, a Finance Ministry tweet said.
To make the process for obtaining PAN even more smooth, especially during COVID-19, the facility for Instant PAN was introduced. Finance Minister Nirmala Sitharaman on May 28, 2020, officially launched the instant Permanent Account Number (PAN) facility which uses Aadhar number-based e-KYC.
This facility is for individuals seeking to obtain a unique identity for the first time. The hassle-free facility gets a PAN Card allotted to you in just a few minutes using just a few clicks. The allotment process is paperless and an electronic PAN (e-PAN) is issued to the applicants free of cost.
While Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to a resident of India, PAN is a 10-digit alphanumeric number allotted by the I-T department to a person, firm or entity.
Here is the step by step guide on how to get instant e-PAN based on Aadhaar
1. First you will have to log on to the official website www.Incometaxindiaefiling.Gov.In.
2. On the left hand side of the home page, you need to click on 'Quick Links'
3. Just below the tab, you will find an option 'Instant e-PAN'.
Click on it.
4. Click on 'Apply instant e-PAN' tab.
5. You will see a form for applying instant e-PAN. You need to fill in all the details which should match your Aadhaar document and click the submit button.
6. Soon after this, a fresh PAN will be allotted on the basis of a one-time password (OTP) sent over the active mobile number linked with the valid Aadhaar number of a person.
7. The new PAN card will have records of your name, date of birth, gender, mobile number and address.
8. Once the PAN is allotted, you will receive the PAN card by post within some days.
The launch of the Instant PAN facility is yet another step by the Income Tax Department towards Digital India, thereby creating further ease of compliance to the taxpayers.
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