All you need to know about PAN 2.0: PAN 2.0 aims to improve user experience, adapt to new technologies, and modernize taxpayer registration through e-governance.
All you need to know about PAN Card 2.0: The 10-digit alphanumeric Permanent Account Number (PAN) issued by the Income Tax Department is not only a proof of identity but has also been an important financial document for a long time.
PAN 2.0 aims to improve user experience, adapt to new technologies, and modernize taxpayer registration through e-governance.
The QR code feature introduced in 2017-18, which helps in verifying the validity of PAN, will now be further enhanced in PAN 2.0.
The initiative aims to establish a “mandatory PAN data vault system” for all entities—such as financial institutions, government agencies, and central and state government departments—that use PAN data. This task will be done through an online validation service.
According to the official press release, the initiative will help bring technology-based changes in taxpayer registration services, improving access and quality of service.
The Union Cabinet approved the PAN 2.0 initiative last year to make PAN the only reliable source of data and a means of uniformity of information. Under this, the Income Tax Department has started implementing the updated PAN Card 2.0.
PAN Card 2.0: Is it necessary to apply again?
- According to the FAQs released by the Finance Ministry, existing PAN cards will remain valid in PAN 2.0 as well and there will be no change in the 10-digit alphanumeric number.
- This means that those who already have a PAN card do not need to get a new card.
- However, they can upgrade to the PAN 2.0 version for free at the time of PAN allotment, update or correction if they wish.
PAN Card 2.0: Key Features and Benefits
- Single Portal: Integrated portal for all PAN and TAN services, making the process easier.
- Paperless and Eco-Friendly: Less documentation, no form-physical submission.
- Free PAN Card: New PAN card will be available for free and processing will be faster than before.
- Secure Data: New security technologies like PAN Data Vault implemented to protect personal and demographic information.
- Helpdesk Support: Dedicated call center and helpline facility for user queries and problems.
PAN Card 2.0: List of required documents
Some important documents are required while applying for PAN 2.0. These documents are required to confirm identity, address and date of birth. All documents should be clear, valid and updated so that there is no delay in the application.
Proof of Identity (PoI)
Any one of the following documents will be accepted:
- Aadhaar Card
- Passport
- Driving License
- Voter ID
Proof of Address (PoA)
Any one of the following documents will be accepted:
- Last 3 months bank statement
- Valid rent agreement (if applicable)
- Recent electricity/water/gas bill
- Aadhaar Card (if showing current address)
Proof of Date of Birth (DoB)
Any one of the following documents will be accepted:
- Birth Certificate
- School Leaving Certificate
- Passport
PAN Card 2.0: How to apply online
If you want to apply for an upgraded PAN card (PAN 2.0), follow the simple steps given below:
- Visit the official website of NSDL.
- Fill in your PAN number, date of birth and Aadhaar details.
- Check all the details carefully and click on the checkbox to ‘Submit’.
- Choose your preferred mode to receive OTP, then verify identity by entering the OTP.
- Agree to the terms and select the payment option.
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