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1st Crore
Trusted by 1L+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below
Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below
Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
PAN Card Guide to Costs, Refunds, and Payments
PAN Card Guide to Costs, Refunds, and Payments
Aug 5, 2024
A Permanent Account Number (PAN) identification, commonly known as a PAN card, is an essential document in India. It plays a crucial role in authenticating your identity, preventing tax evasion, and supporting the government in maintaining a transparent financial system. If you are involved in any financial transactions in India, having a PAN card is mandatory as per Regulation 114B of the Indian Tax Regulations. Some individuals, knowingly or unknowingly, conduct financial transactions without a PAN card, violating this regulation and incurring hefty penalties. Therefore, obtaining a PAN card with its unique ten-digit alphanumeric number is a necessity.
Before you apply for a PAN card, it is essential to understand the associated fees and charges. These costs can vary depending on whether you are an Indian resident or a foreign citizen. This article provides a detailed overview of PAN card fees, payment methods, the refund process, and more.
What is a Permanent Account Number (PAN) Card?
The PAN card, issued by the Income Tax Department, is a laminated plastic card that contains your unique PAN, name, birthdate, father's/spouse's name, and photograph. This card can be used as proof of identity and date of birth. While the PAN is primarily a number, the PAN card is a physical document that serves as an essential identification tool.
Why is PAN Card Important?
The PAN card is crucial for recording financial transactions, particularly revenues. Individuals with any source of income must possess a valid PAN card. It is important to note that a PAN card does not serve as proof of nationality, as even foreign national investors are required to hold a valid PAN card.
How to Apply for a PAN Card?
There are several ways to apply for a PAN card. The primary methods include:
Online Application
You can apply for a PAN card online through the Protean or UTITSL portals (previously NSDL eGov). This method allows you to scan and submit the required documents online. The approximate PAN application fee is INR 93 (excluding GST) for an Indian address and INR 864 (excluding GST) for a foreign address. The fees may vary depending on the mode and type of application.
Offline Application
You can also apply for a PAN card offline by visiting any PAN application center, filling out the required forms, and submitting the necessary documents.
PAN Card Fees Based on the Type of Application
The fees for PAN card applications vary based on the type of application and the applicant's location. Here's a breakdown:
For Indian Citizens
Online Application: INR 101 (including GST)
Offline Application: INR 107 (including GST)
Correction/Re-issuance: INR 50 (including GST)
Duplicate PAN Cards: INR 50 (including GST)
For Foreign Citizens
Online Application: INR 1011 (including GST)
Offline Application: INR 1017 (including GST)
Correction/Re-issuance: INR 959 (including GST)
Duplicate PAN Cards: INR 959 (including GST)
What are the Fees for Reprinting/Correction in PAN Card?
A PAN card may get damaged, or corrections may be required, such as fixing a spelling mistake or updating the date of birth. The fees for reprinting or correcting a PAN card are:
Within India: INR 50 (including GST)
Outside India: INR 959 (including GST)
Fees for e-PAN Cards for Indian and Foreign Citizens
With the rise of digital transactions, the government has introduced the option of an e-PAN card. This digital copy of the PAN card is available in PDF format and is more cost-effective than a physical PAN card. The fees for e-PAN card applications are:
Indian Nationals: INR 66 to INR 72 (including GST)
Foreign Nationals: INR 66 to INR 72 (including GST)
Modes of Payment for PAN Card Fee
You can pay the PAN card fees through various methods, depending on whether you are applying online or offline:
Online Payment
Credit/Debit Card: Payments can be made using credit or debit cards on the NSDL or UTIITSL websites.
Net Banking: Payment can be made via net banking on the NSDL or UTIITSL websites.
E-wallets: Options like Mobikwik, Freecharge, and Paytm are available for making online payments.
Offline Payment
Demand Draft: A demand draft can be drawn in favor of NSDL-PAN, payable in Mumbai.
Cheque or Cash: Payments can be made via cheque or cash when submitting a physical application.
Always ensure that you pay the correct fee amount as PAN card fees are non-refundable.
What is a PAN Card Refund?
A PAN card refund refers to getting back the money you paid for your PAN card application in certain situations:
Overpayment: If you made extra payments for the same application.
Excess Payment: If you paid more than the required amount.
Application Rejection: If your PAN card application was rejected, but you had already paid the fees.
Steps to Request a PAN Card Refund
Visit the NSDL or UTIITSL website: Go to the official website where you applied for the PAN card.
Fill out the Refund Request Form: Provide necessary details such as your PAN card application number, payment date, and transaction ID.
Provide Bank Details: Enter your valid bank account number, IFSC code, and other necessary refund details.
How to Apply and Pay PAN Card Fees on Others’ Behalf?
Certain individuals are permitted to apply and pay for a PAN card on behalf of others:
Chartered Accountants (CAs): Authorised to apply and pay on behalf of their clients.
Parents for Minors: Parents can apply and pay the fees for their underage children.
Agents and Representatives: Authorised representatives can apply and pay for applicants, provided they submit an authorisation letter, required documents, and payment details.
Employers: Employers can apply and pay the fees for their employees.
How to Change Mobile Number in PAN Card?
If you need to update your mobile number on your PAN card, follow these steps:
Visit the PAN Card Portal: Go to www.incometaxindia.gov.in.
Log In: Use your ID and password to log in.
Update Contact Information: Navigate to the "My Profile" menu and select the "Settings" option.
Edit Mobile Number: Choose the edit option next to your contact information and complete the update process.
Verify via OTP: An OTP will be sent to your new mobile number and email address. Enter the OTP to complete the update.
Wrapping Up
A PAN card is an essential document for various financial transactions and legal purposes in India. Understanding the application process, fee structure, and payment methods is crucial for obtaining and maintaining your PAN card. The fee structure may change over time, so it's wise to check the official Income Tax Department website or the authorised agencies' websites for the latest information before applying.
Secure Your Future with ACKO Life Flexi Term Plan
Having comprehensive health and life insurance is vital for financial security and stability. The ACKO Life Flexi Term plan offers affordable coverage starting at ₹534 per month, protecting your family's future and helping you save taxes up to ₹54,600 per annum. Use ACKO’s Term Insurance Calculator to compare policies and rates. Buying insurance early can lead to lower premiums and provide peace of mind.
Frequently Asked Questions
Is it possible to obtain a PAN card within five days?
Usually, the PAN card application process takes about 15-20 days. However, there is an option for an instant PAN card, which can be ready within 48 hours.
As an Indian Citizen, which PAN card form should I submit?
If you are an Indian citizen, you should complete Form 49A to apply for a PAN card. This form is designed for both Indian citizens and entities incorporated in India.
Is a PAN card proof of one’s nationality?
No, a PAN card is mandatory for conducting any business or occupation within India, but it does not deem you an Indian citizen.
Which documents does an individual need to apply for a PAN card?
You need proof of address and identity to get a PAN card in India. Some documents include your Aadhaar card, Voter’s ID, Ration Card with your photo, Passport, Driving License, etc. You can upload the PAN card documents on the NSDL or UTIITSL portal.
How many days does it take to get a PAN card?
You will receive the PAN card within 48 hours of submitting the application. However, receiving the physical PAN card takes around 15 to 20 days.
Can I apply for an instant PAN using an Aadhaar number?
You will be able to generate your instant PAN card by entering your Aadhaar and mobile number.
A Permanent Account Number (PAN) identification, commonly known as a PAN card, is an essential document in India. It plays a crucial role in authenticating your identity, preventing tax evasion, and supporting the government in maintaining a transparent financial system. If you are involved in any financial transactions in India, having a PAN card is mandatory as per Regulation 114B of the Indian Tax Regulations. Some individuals, knowingly or unknowingly, conduct financial transactions without a PAN card, violating this regulation and incurring hefty penalties. Therefore, obtaining a PAN card with its unique ten-digit alphanumeric number is a necessity.
Before you apply for a PAN card, it is essential to understand the associated fees and charges. These costs can vary depending on whether you are an Indian resident or a foreign citizen. This article provides a detailed overview of PAN card fees, payment methods, the refund process, and more.
What is a Permanent Account Number (PAN) Card?
The PAN card, issued by the Income Tax Department, is a laminated plastic card that contains your unique PAN, name, birthdate, father's/spouse's name, and photograph. This card can be used as proof of identity and date of birth. While the PAN is primarily a number, the PAN card is a physical document that serves as an essential identification tool.
Why is PAN Card Important?
The PAN card is crucial for recording financial transactions, particularly revenues. Individuals with any source of income must possess a valid PAN card. It is important to note that a PAN card does not serve as proof of nationality, as even foreign national investors are required to hold a valid PAN card.
How to Apply for a PAN Card?
There are several ways to apply for a PAN card. The primary methods include:
Online Application
You can apply for a PAN card online through the Protean or UTITSL portals (previously NSDL eGov). This method allows you to scan and submit the required documents online. The approximate PAN application fee is INR 93 (excluding GST) for an Indian address and INR 864 (excluding GST) for a foreign address. The fees may vary depending on the mode and type of application.
Offline Application
You can also apply for a PAN card offline by visiting any PAN application center, filling out the required forms, and submitting the necessary documents.
PAN Card Fees Based on the Type of Application
The fees for PAN card applications vary based on the type of application and the applicant's location. Here's a breakdown:
For Indian Citizens
Online Application: INR 101 (including GST)
Offline Application: INR 107 (including GST)
Correction/Re-issuance: INR 50 (including GST)
Duplicate PAN Cards: INR 50 (including GST)
For Foreign Citizens
Online Application: INR 1011 (including GST)
Offline Application: INR 1017 (including GST)
Correction/Re-issuance: INR 959 (including GST)
Duplicate PAN Cards: INR 959 (including GST)
What are the Fees for Reprinting/Correction in PAN Card?
A PAN card may get damaged, or corrections may be required, such as fixing a spelling mistake or updating the date of birth. The fees for reprinting or correcting a PAN card are:
Within India: INR 50 (including GST)
Outside India: INR 959 (including GST)
Fees for e-PAN Cards for Indian and Foreign Citizens
With the rise of digital transactions, the government has introduced the option of an e-PAN card. This digital copy of the PAN card is available in PDF format and is more cost-effective than a physical PAN card. The fees for e-PAN card applications are:
Indian Nationals: INR 66 to INR 72 (including GST)
Foreign Nationals: INR 66 to INR 72 (including GST)
Modes of Payment for PAN Card Fee
You can pay the PAN card fees through various methods, depending on whether you are applying online or offline:
Online Payment
Credit/Debit Card: Payments can be made using credit or debit cards on the NSDL or UTIITSL websites.
Net Banking: Payment can be made via net banking on the NSDL or UTIITSL websites.
E-wallets: Options like Mobikwik, Freecharge, and Paytm are available for making online payments.
Offline Payment
Demand Draft: A demand draft can be drawn in favor of NSDL-PAN, payable in Mumbai.
Cheque or Cash: Payments can be made via cheque or cash when submitting a physical application.
Always ensure that you pay the correct fee amount as PAN card fees are non-refundable.
What is a PAN Card Refund?
A PAN card refund refers to getting back the money you paid for your PAN card application in certain situations:
Overpayment: If you made extra payments for the same application.
Excess Payment: If you paid more than the required amount.
Application Rejection: If your PAN card application was rejected, but you had already paid the fees.
Steps to Request a PAN Card Refund
Visit the NSDL or UTIITSL website: Go to the official website where you applied for the PAN card.
Fill out the Refund Request Form: Provide necessary details such as your PAN card application number, payment date, and transaction ID.
Provide Bank Details: Enter your valid bank account number, IFSC code, and other necessary refund details.
How to Apply and Pay PAN Card Fees on Others’ Behalf?
Certain individuals are permitted to apply and pay for a PAN card on behalf of others:
Chartered Accountants (CAs): Authorised to apply and pay on behalf of their clients.
Parents for Minors: Parents can apply and pay the fees for their underage children.
Agents and Representatives: Authorised representatives can apply and pay for applicants, provided they submit an authorisation letter, required documents, and payment details.
Employers: Employers can apply and pay the fees for their employees.
How to Change Mobile Number in PAN Card?
If you need to update your mobile number on your PAN card, follow these steps:
Visit the PAN Card Portal: Go to www.incometaxindia.gov.in.
Log In: Use your ID and password to log in.
Update Contact Information: Navigate to the "My Profile" menu and select the "Settings" option.
Edit Mobile Number: Choose the edit option next to your contact information and complete the update process.
Verify via OTP: An OTP will be sent to your new mobile number and email address. Enter the OTP to complete the update.
Wrapping Up
A PAN card is an essential document for various financial transactions and legal purposes in India. Understanding the application process, fee structure, and payment methods is crucial for obtaining and maintaining your PAN card. The fee structure may change over time, so it's wise to check the official Income Tax Department website or the authorised agencies' websites for the latest information before applying.
Secure Your Future with ACKO Life Flexi Term Plan
Having comprehensive health and life insurance is vital for financial security and stability. The ACKO Life Flexi Term plan offers affordable coverage starting at ₹534 per month, protecting your family's future and helping you save taxes up to ₹54,600 per annum. Use ACKO’s Term Insurance Calculator to compare policies and rates. Buying insurance early can lead to lower premiums and provide peace of mind.
Frequently Asked Questions
Is it possible to obtain a PAN card within five days?
Usually, the PAN card application process takes about 15-20 days. However, there is an option for an instant PAN card, which can be ready within 48 hours.
As an Indian Citizen, which PAN card form should I submit?
If you are an Indian citizen, you should complete Form 49A to apply for a PAN card. This form is designed for both Indian citizens and entities incorporated in India.
Is a PAN card proof of one’s nationality?
No, a PAN card is mandatory for conducting any business or occupation within India, but it does not deem you an Indian citizen.
Which documents does an individual need to apply for a PAN card?
You need proof of address and identity to get a PAN card in India. Some documents include your Aadhaar card, Voter’s ID, Ration Card with your photo, Passport, Driving License, etc. You can upload the PAN card documents on the NSDL or UTIITSL portal.
How many days does it take to get a PAN card?
You will receive the PAN card within 48 hours of submitting the application. However, receiving the physical PAN card takes around 15 to 20 days.
Can I apply for an instant PAN using an Aadhaar number?
You will be able to generate your instant PAN card by entering your Aadhaar and mobile number.
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