Want to know How Many Days to Get Pan Card After Applying Online? Well you have landed on the right article, make sure to read the article carefully to know how to get pan card in 2 days.
Before the 2019 pandemic, the government had many systems and procedures digitized for easy access and quick modifications. Today, getting a PAN card or making related changes is possible by following prescribed steps at the click of buttons!
The Permanent Account Number (PAN) consists of 10-alphanumeric characters and is issued as a 'card'. The PAN Card helps citizens, and the Government of India have an error-less framework.
It is a mandatory document required before processing any major transaction. The Indian Income Tax Department issues PAN cards under the surveillance of the Central Board for Direct Taxes (CBDT).
Its complete operation is paperless and electronic, removing the need for physical data transportation, rendering it a cost-effective operation.
How Many Days to Get Pan Card After Applying Online (Updated 2022)
Uses Of Pan Card
- Identity proof of an individual.
- PAN card is valid and accepted as identity proof in India.
- PAN card as proof of age.
- Used as proof of identity when applying for Passport, Voter ID, Driving License, Electricity Connection.
Eligibility Of Pan Card
All Indian citizens with a source of income and valid proof of their occupation (recognized by the Income Tax Department) can apply for a PAN Card. It is mandatory for every taxpayer.
The PAN is necessary for financial transactions. For example:
- For receiving your salary (taxable).
- To buy mutual funds.
- For sale and purchase assets above the fixed limit.
- Opening bank accounts.
The PAN Card allotted numbers do not affect changing addresses across India; it remains the same.
Where are PAN cards made?
PAN applications can be submitted on the NSDL or UTIITSL websites. The Government of India has associated both websites with providing PAN Cards and making necessary amendments/changes in the PAN card on behalf of the Income Tax Department.
Application charges
The charges for applying for the PAN Card are Rs. 93/- (besides Goods and Services Tax) for an Indian communication address and Rs. 864/- for a foreign communication address.
The payment for the application is accepted via debit/credit card, net banking, or demand-draft.
How can students apply for a PAN Card?
Permanent Account Number is another identity proof of Indian citizens. It is issued to citizens with income sources. And only students above the age of 18 can apply for a PAN card.
Types of PAN application
Application for allotment of PAN:
This registration form should be used if the candidate hasn't ever applied for a PAN or has never had a PAN assigned to them. The candidate can check whether they have been assigned a PAN by going to the ITD's website, www.incometaxindia.gov.in.
ITD has issued the following forms for filing applications for new PAN allocation (effective November 1, 2011):
Type 1: FORM 49A: To be completed by all Indian nationals, even those living outside of India.
Type 2: FORM 49AA: This form is for foreign citizens to fill out.
New PAN Card Registration or Updates and Corrections to PAN Data:
Individuals who have previously gotten a PAN card and seek to seek a new PAN card or make modifications or alterations to their PAN data must submit their application in the ITD-required form:
NEW PAN CARD REQUEST either CHANGES OR CORRECTIONS IN PAN DATA: Indian and international nationals can both use the same form.
In this instance, the applicant is issued a new PAN card with the same PAN but current information.
How To Get Pan Card In 2 Days
The entire PAN Card application process takes around 15 to 20 days (as estimated). But, since technology is taking over, you can apply online for your PAN card and receive your e-PAN within 48 hours. Earlier, the process could take months, but today it's quicker.
Follow the steps mentioned below to get your PAN in 48 hours via online registration:
Step 1: Go to the NSDL website.
Step 2: Consider the type of form based on your citizenship.
Step 3: Submit your PAN Card application after completing all online required data.
Step 4: Track the status of the submitted application.
Step 5: Once your application is validated and processed, an email confirmation will be received, directing you to the PAN Card details.
How To Get Pan Card Online?
Step 1: Go to the income tax e-filing website.
Step 2: Select 'Instant PAN through Aadhaar'.
Step 3: Click on the link 'Get New PAN Card'.
Step 4: Key in your Aadhaar Card number in the space provided.
Step 5: Enter the given captcha and confirm.
Step 6: You will receive an OTP on your registered mobile number.
Step 7: Submit the OTP in the text-box space provided for a successful registration.
Documents required for applying for a PAN Card:
For native citizens of India by birth, the documents required:
- For identity proof, applicants need to submit either of the mentioned below:
- Voter ID card.
- Aadhaar card.
- Ration card with applicant's photograph.
- Passport.
- Driving license.
- Arm's license.
- Ration card featuring an image of the applicant
- The most recent electricity bill
- Photo identity card issued by the central government, state government or other public sector undertakings like a Municipal Corporation of the applicant's city.
- Central government health scheme card.
- The applicant's photo appears on the pensioner card.
- A photo identification issued by the federal government, a state government, or another public sector organization.
- Current landline/telephone bill.
- Broadband connection bill (latest).
- Post-office passbook with the address of the applicant.
- Latest bank account statements.
- Credit card statement.
- Domicile certificate issued by the Government of India.
- Allotment letter.
- Latest order of property tax assessment.
NRIs PAN Card Application
The list of documentation that a Non-Resident Indian (NRI) must attach while applying for a PAN in India is as follows:
- Passport copy
- Verification of address from overseas
- International bank statement copy
- Applicant's two passport-size photographs
How to check the verification status after submitting your PAN?
Step 1: Go to the NSDL website
Step 2: Select the 'Application Type'
Step 3: Key in the application number
Step 4: Enter the code to verify the status
Step 5: Select the 'Submit' option
After 24 hours of the form submission, you may track the application.
What is an e-PAN?
It is an electronic version of the PAN Card. Its virtual access is for instant use by the applicant. A tangible PAN card generated using the regular PAN registration process has the same validity as an e-PAN.
1. What does a PAN card look like?
A PAN card is a laminated card with a picture of the card owner. A PAN card number consists of ten alphanumeric characters that act as identifiers of the cardholder. A PAN card also contains the cardholder's full name, signature, and date of birth.
2. Benefits of having a PAN Card
Listed below are some benefits of a PAN Card:
- Assists in starting a business.
- Reduction in taxation.
- Opening a new Demat or a new bank account.
- Helpful in filing income tax returns.
- Investing.
- Buying foreign currency.
- Transfer of listed or unlisted securities.
- Selling or buying property.
- Purchasing or selling a vehicle.
3. Benefits of PAN Card for the Government of India
Listed below are some benefits the Government of India holds with issuing the PAN Card:
- The income tax department can observe every financial transaction of the population with the help of a PAN Card.
- Reduce the possibility of tax evasion.
- Used to determine the total tax revenue generated in the country.
- Helps fix the taxation rate.
Conclusion
As we can see in this article, getting a PAN card is an easy and convenient process now.
The PAN card can be used for a variety of purposes. To create a new bank account, you'll need a PAN card. Individuals and businesses subject to income tax are required to file tax returns.
A PAN card is necessary for the submission of IT returns, and it is for this reason that both people and businesses apply for one.
A PAN Card is standard for native citizens of India for regulatory and administrative purposes. It is required in dealing with financial institutions like banks, income tax departments, and most ministerial departments of India.
Also, today, the PAN Card is issued within 15-20 working days. PAN card benefits citizens and the Government of India to have an error-less framework. It is a mandatory document required for all major transactions.
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Frequently Asked Questions
1. How can I get my PAN card immediately?
Step 1: Go to the e-filing website of the income tax.
Step 2: Select 'Instant PAN through Aadhaar'.
Step 3: Click on the link 'Get New PAN Card'.
Step 4: Key your Aadhaar Card number in the space provided.
Step 5: Enter the given CAPTCHA to confirm.
Step 6: You will receive an OTP on your registered Aadhaar mobile number.
Step 7: Submit the OTP.
After the OTP submission, an application number will be generated. After the process is complete, a confirmation message will be sent to the person's mobile number.
2. How many days pan card will come?
Since technology has taken over the world, you can apply immediately online for your PAN card and receive your e-PAN within 48 hours. However, the physical PAN Card is issued within 15 to 20 days of application (as estimated).
3. How to apply for a PAN offline?
To apply for the PAN offline, you must submit the filled form(s) and all documents, including form 49A or 49AA. You can download the required documentation, print, write in the application along with supporting documentation, and submit them physically, in the offline mode.