Do you remember getting a KYC supporting document, such as your Aadhaar card? You might have stood in a queue and carried physical copies of documents. Of course, your physical presence was required for biometric authentication by UIDAI. Applying for a PAN card online is nothing like that.
The online PAN card application is a simple, easy and hassle-free process.
Here we’ll give you a complete step-by-step guide to the online application process for a new PAN card covering the documents required, fees, portals and the duration of the application process.
A Permanent Account Number or PAN is how the Income Tax Department ITD identifies tax-paying entities. It is a 10-digit unique alpha-numeric identifier containing alphabets and numbers. A PAN card is a laminated physical card approved by the Income Tax Department (ITD) and has details like your PAN number, date of birth, signature and father’s or spouse's name.
To have a PAN, you or a tax-paying entity must be:
You need to quote your PAN when you open a bank account. You also need to quote it for transactions considered high value by the income tax department, like buying or selling a car or property worth more than five lakh rupees, opening a fixed deposit or depositing cash in a bank worth more than ₹50,000.
So, if you are an adult Indian resident citizen, you certainly do need a PAN.
Additionally, minors can also have a PAN card. Their parents need to act as representative assessee. They need to furnish their identity and address proof documents and sign on their behalf in the application form. Along with their details, the thumb impression or sign, colour photograph and date of birth proof of the minor would be required.
You should note that having a PAN does not automatically mean that you have to pay income tax. You pay income tax if your income falls under the taxable brackets stipulated by the Income Tax Department. And the PAN helps the ITD to keep track of your income, thus helping them track any tax evasion.
You need a PAN card to open a Fi account or to invest in mutual funds through the Fi money app. The Fi money app can help you save and invest in your goals. It has a host of research material that makes it a one-stop shop for all your money needs.
Now, let’s look at the different ways in which you can apply for a PAN online.
Follow these quick and simple steps to apply for a PAN card online. These steps should take you less than 10 minutes.
The process is simple and quick if you have your prerequisites in place. You can quote your e-PAN wherever necessary. However, if you need a physical PAN card, there are two paths you can follow for your online application:
A quick search for “UTI PAN card online apply”, might land you on the UTIITSL website.
Before we check the steps for application, let’s learn briefly about UTI.
Unit Trust of India or UTI was established and incorporated by the government of India in 1963.
The UTI Infrastructure and Technology Services Limited (UTIITSL) was incorporated in 1993 to provide services to the investors of UTI mutual fund schemes. Its vision is to provide technology and outsourcing services to privately and publicly run financial entities. It is counted amongst the biggest financial service providers in India.
The Income Tax department of India has entrusted UTIITSL to manage the process of PAN application and delivery of the physical PAN card to the applicant. Follow these steps to apply for a PAN card from UTIITSL.
If you have chosen the physical PAN card option, it will be dispatched to your address as stated in your application form. The e-PAN Card will be sent to the e-mail ID you mentioned in the application form.
Similar to the UTIITSL website, you also apply for a PAN card online through the NSDL PAN application portal.
National Securities Depository Limited or NSDL is an Indian central securities depository based out of Mumbai. It was established in August 1996. It is the first electronic securities depository in India, covering the whole length and breadth of the nation.
The NSDL Tax Information Network or TIN was set up to be a repository of nationwide tax-related information for the Income Tax Department. TIN aims to modernise direct tax-related services in line with the digital age.
NSDL e-governance which handles income tax-related information, is now called Protean eGov Technologies Limited.
Worried about costs? Applying for a PAN card online is free if you only need it in a PDF format. However, you will be charged if you apply for a physical PAN card.
There are applicable charges for making a new PAN card application. You will have to pay ₹93 plus Goods and Services Tax (GST) if you have entered a communication address within India. If you have entered a communication address outside of India, the charges are ₹864 plus GST.
The payment of the application fee can be made through credit or debit card, demand draft, or net banking. Once your payment is accepted and the application is approved, you can send the supporting documents through courier or post to NSDL or UTITSL. Your PAN application will be processed by NSDL or UTITSL once your documents are received and verified.
A PAN card is a crucial KYC document used in our daily lives. You need a PAN to open a bank account or perform financial operations considered to be of high value by the income tax department.
Applying for PAN online is simple and easy if you have an Aadhaar card. You can then apply for an instant e-PAN online within 10 minutes through the Income Tax portal, NSDL site or UTIITSL site.
e-PAN cards are online generated PAN cards which are accessible via the Income Tax website. PAN applicants who have an Aadhaar number from UIDAI and have linked their mobile number with Aadhaar can apply for instant e-PAN
e-PAN cards are available for taxpayers who haven't been allotted a PAN yet but have an Aadhaar number. If you have an Aadhaar, are not a minor, and haven't been allotted a PAN yet, here's what you can do for your e-PAN -
a. Generate New e-PAN
b. Update PAN details as per Aadhaar e-KYC
c. Check status of pending e-PAN request / Create e-Filing Portal account / Download e-PAN
d. Download e-PAN – Post Login
e. On the View / Download e-PAN page, you will be able to see the status of your e-PAN request. In case the new e-PAN has been generated and allotted, click View e-PAN to view or Download e-PAN to download a copy.
You can check out a detailed guide here and generate an instant e-PAN today.
Yes, an online PAN card is free of cost and has an easy interface to make PAN generate as seamless as possible.
An instant PAN card can be generated online, on the Income Tax website. Here is how can go ahead with this.
An e-PAN is only a pre-login service which is attached to your actual PAN. In the case that you don't get your physical PAN, your e-PAN comes in handy with its instant issue feature. That being said, an e-PAN can also be used in place of the PAN.