A Permanent Account Number (PAN) card is the most crucial document to secure your financial transactions.
It’s a unique identification number assigned to you by the Income Tax Department of India.
The primary purpose of a PAN number is to hold all your financial information in one place. It’s easier to keep track of your bank accounts, credit/debit cards, loans, taxation, and investments with a PAN number.
You can apply for a PAN card or modify an existing one online. Follow the below steps to complete the application.
To get a PAN card, you will need to submit an application to an NSDL PAN portal.
Online procedure is rather quick and easy. You can complete the application from the comfort of your home. Follow the steps below to get a new or modify the existing PAN card online.
Visit the official NSDL website to fill out the application. (Here.) Select the application type as per your requirements- new or modifying the existing one.
For the sake of example, we are applying for a new pan card.
Select the category of your application from the given options. If you are applying for yourself, select INDIVIDUAL or go with the suitable category.
Tip- Keep saving all the changes you make, so that you won’t lose any details.
Next up, fill up your personal information. Let’s take the example of James Bond’s PAN card application.
Once you fill-up the necessary details, check the terms and conditions box, enter the captcha and ‘Submit’ the application.
After submitting the form, you will receive a token to use for your application.
Step 3: KYC and Necessary Document Submission
As you continue with the application, you will be asked to provide KYC details, your Aadhaar number, and further personal details.
Read each instruction carefully before you fill out the form.
If you select e-KYC, your photograph will be fetched from the Aadhaar. If you want to submit a different passport-sized photograph, select the second option ‘Submit scanned image through e-Sign’.
For now, let’s go with e-KYC.
If you are applying as an individual, you will be asked to fill up your parents’ information.
Select your source of income from the provided options.
Enter the office or home address and confirm your communication details before going ahead.
In the next step, you will need to fill up the area details to determine the tax laws applicable to you. See the AO code search for Pan guidelines here.
If you don’t have the area code and AO type information, select the suitable options given below.
Let’s say James Bond is an Indian Citizen who happens to live in Pune.
After selecting the area, you will see a list of income tax offices in the area.
To choose the office, read the additional description written next to the office. Depending on your residential/office address, select the appropriate option.
Click ‘Next’.
In this step, you will see a drop-down menu to select proof documents for identity, address, and date of birth. You can choose to go by Aadhaar details or select different documents as per your convenience.
If you select different documents, you will see an option below the declaration to upload and submit chosen documents.
Once you have all the document details ready, click on the Submit button.
As you click Submit, you will be redirected to the final step where you cross-check all the information filled during the previous steps.
Make sure you have entered the correct details. If not, you can go back to fix it. If yes, you can confirm and proceed.
You will need to complete the KYC and Verification process with your Aadhaar number via OTP sent to your mobile number.
The last step is to pay the fees for the application via any online payment method.
Your application will be complete after the payment process. You will get the entire application in the form of a PDF.
If you selected the option of the physical card, you will receive it at the address mentioned on the application.
For any queries, reach out to us anytime.
