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PAN Card Fact: Like Aadhar Card or Voter ID Card, PAN Card (Permanent Account Number) is also a very important document, which is issued by the Income Tax Department. It contains details like date of birth, signature, father’s name along with the name and photograph of the taxpayer. Apart from this, a number consisting of a combination of 10 letters and numbers is also given, which is absolutely unique. That means everyone’s PAN card number is different from each other. It is generated on the taxpayer’s application. Through this, the Income Tax Department tracks the tax related activities of the person.
The fourth letter shows the status of the taxpayer.
In this alpha-numeric number, the first three characters are in capital letters such as AAA or ZZZ, while the fourth character represents the status of the taxpayer such as P for Individual, C for Company, H for Hindu Undivided Family. And if the fourth letter is ‘F’, then it indicates that the taxpayer is a firm. Apart from this, G is used for Government, L for Public Limited, J for Artificial Juridical Person and T for Trust.
First letter of taxpayer’s surname, 5th alphabet
After this, the 5th alphabet of the PAN card is the first letter of the taxpayer’s surname. The four numbers written after this can be any number between ‘0001’ to ‘9999’. Then at the end there is a letter of the English alphabet.
PAN card is an important document
In today’s time, apart from financial transactions and identification, PAN card is used for making credit or debit cards, availing benefits of government schemes, buying and selling of vehicles, opening accounts in private or government banks, for pension and subsidy and for foreign exchange. It is also done to buy.
Apply for the card in this way
You can apply for PAN card both offline and online. To apply online, visit the websites of NSDL and UTIITSL, while for offline, download the form from the website or take the form from the UTIISL agent and fill it and submit it to the NSDL office.
Also read: Next time you get salary, check your salary slip like this, company makes deduction on these things
