If your PAN card is inactive, you won't be able to send money abroad. You can reactivate it by applying to link your PAN with your Aadhaar and paying the penalty.
If your PAN card has not been linked to your Aadhaar card by June 30, 2023, then it has become inoperative. This means that you will not be able to use your PAN card and even if you do, you will have to pay a fine.
As per the Income tax rules, the meaning of inactive PAN is exactly the same as not having a PAN card. You won't be able to utilize your PAN card in such circumstances when creating accounts, making investments, or performing other tasks that call for a PAN card.
Many of you must be wondering if your existing PAN card has become inactive, then will the salary be credited in your bank account?
If your PAN card has become inactive, it does not mean that your salary will not be sent to your account. Salary will be credited to the bank account on behalf of the employer. Along with this, the TDS charge will also be deducted. However, there may be a delay in the process of transferring money from the bank to the account.
Due to inactive PAN cards, will there be any effect on credit and debit cards?
You won't be able to send money abroad if your PAN card is no longer active. Additionally, cash withdrawals from international ATMs and Point of Sale transactions are not permitted. Also, using a credit card overseas will not be permitted.
On the other side, a PAN card is required if you want to apply for debit and credit cards. The discharge of these two might be problematic in such a circumstance. PAN is necessary for KYC. Nevertheless, banks are able to issue it by using Aadhaar cards and other methods.
Can you get your PAN card operative?
If your PAN is inactive, you can reactivate it by applying to link your PAN with your Aadhaar and paying the Rs. 1,000 penalty. However, the PAN won't be functional till 30 days have passed since you requested PAN-Aadhaar linkage.
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 "PAN-Aadhaar linking: If your PAN card is inoperative will the salary be credited in your bank account? Check details")
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