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Home Financial Planning

5 easy steps to apply for a PAN Card

Elearnmarkets by Elearnmarkets
September 6, 2022
in Financial Planning, Tax Planning
Reading Time: 4 mins read
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Wherever you go, your identity follows. From opening a bank account to making any kind of investments, an identity proof is a mandatory document asked by the service providers. The most frequent question on identity proof is – Do you have a Permanent Account Number (PAN) card?

Assuming that we all know what a PAN is and who all require it, the underlying confusion is the procedure for applying for a PAN card.

In this article, we have explained the simple procedure of applying for a PAN card. So that in case you don’t have a PAN Card, you may apply for one, and ease the process of your future transactions which require your identity proof.

You can online apply pan card or through one of the facilitation centres registered with the National Securities Depository Limited (NSDL).

For the online application of pan card, click on the following block and proceed with the instructions given therein:

PAN_Online

For applying through the facilitation centres:

PAN_Offline

Here are the five steps to apply new PAN Card:

Step 1: For making an application for a PAN Card, you must first download a form from here.

In case you are a resident of India, download Form 49A.

If individuals are not citizens of India, they are required to download Form 49AA.

Step 2: After downloading the form, go through it thoroughly. You will require a recent passport-size colored photograph and any of the following documents as identity proof:

PAN_documents required

POI means Proof of Identity and POA means Proof of Address.

Step 3: Once you have filled the application form, submit it to nearest PAN facilitation center along with the required fee.

PAN_facilitation center

Step 4: When you submit the filled application form, you must mention the designation and code of the concerned Assessing Officer of the Income Tax department in the form downloaded by you. In case of any confusion, consult the facilitation center which will help you with the details required.

Step 5: The application fee required for filing the application form will be as follows:

PAN_application fee

Step 6: After completing all the above steps and having applied to the facilitation center, you can also check the status of the PAN Card application by clicking on the link below:

PAN_Know your status

The government of India has provided a very descriptive and user-friendly procedure for online apply PAN Card. It is our duty to carry the right set of documents with us to avoid any interruption in our transactions.

Also Read: How to Open a Bank Account

Today we are required to quote PAN in most financial transactions we wish to enter into. PAN Card is not just an identity proof but is also one of the essential ten-digit numbers that help the income tax authorities to track all your financial data in one go.

We hope that this article has cleared all your confusion concerning applying for the PAN Card. In case you do not possess one, go ahead and apply for one by following the simple procedure mentioned above.

You can also join our course on Online NSE Academy Certified Capital Market Professional (E-NCCMP)

Bottomline

PAN’s primary purpose is to bring a universal identification to all financial transactions and prevent tax evasion by keeping track of the monetary transactions of all taxpayers in India. We hope you found this blog informative and use it to its maximum potential in the practical world. Also, show some love by sharing this blog with your family and friends and helping us in our mission of spreading financial literacy.

Happy Investing!

You can also visit web.stockedge.com, a unique platform that is 100% focused on research and analytics.

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Elearnmarkets

Elearnmarkets (ELM) is a complete financial market portal where the market experts have taken the onus to spread financial education. ELM constantly experiments with new education methodologies and technologies to make financial education effective, affordable and accessible to all. You can connect with us on Twitter @elearnmarkets.

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Comments 9

  1. prafull kumar says:
    6 years ago

    Pan card is a security venture our account, its provides safety regarding to transaction a/c.

    Reply
  2. Jay Kumar says:
    5 years ago

    Hi there! Important piece of information regarding the Pan Processing.
    it’s a website which is helpful in processing pan cards, pls visit and share your experiences.

    Reply
  3. Tista Sengupta says:
    5 years ago

    Hello Jay,

    Thank you for your comment

    Elearnmarkets offers a series of well-designed courses on Financial Markets and Finance, which will enhance your knowledge base.

    Happy Learning!

    Reply
  4. jay says:
    5 years ago

    Thanks for sharing the important information about PAN CARD this details are much more necessary for pan card appliers

    Reply
    • Tista Sengupta says:
      5 years ago

      Hello Jay,

      Thank you for your comment.

      To know about some of the important areas : where you have to mandatorily quote your PAN Card Number: you may read: 6 Areas to Quote Permanent Account Number (PAN) Mandatorily
      Happy Reading!

      Reply
  5. Himanshu says:
    3 years ago

    This is a very helpful blog about the pan card application, it helps a lot of people.

    Reply
    • Sakshi Agarwal says:
      3 years ago

      Hi Himanshu!

      Thank you for reading!

      Keep Reading!

      Reply
  6. Alankit UK says:
    3 years ago

    This is a very helpful blog about the pan card application, it will help a lot of people.

    Reply
    • Sakshi Agarwal says:
      3 years ago

      Hi,

      Thank you for your feedback.

      keep Reading!

      Reply

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