PAN 2.0 Rollout Begins: Here’s How Indians Can Apply for the Enhanced Permanent Account Number
The Income Tax Department of India has launched PAN 2.0, an upgraded version of the Permanent Account Number (PAN) system, aimed at bolstering security, reducing duplication, and streamlining financial compliance. With enhanced features and stricter KYC norms, PAN 2.0 is designed to curb fraud and ensure seamless integration with India’s digital economy. Here’s everything you need to know about applying for PAN 2.0.
_______________________________________
What Is PAN 2.0?
PAN 2.0 is an upgraded version of the traditional PAN card, introduced under Section 139AA of the Income Tax Act. Key upgrades include:
Biometric Linking: Optional Aadhaar-based biometric authentication for added security.
QR Code Integration: A new QR code on the PAN card stores encrypted holder details for quick verification.
Tighter KYC Norms: Mandatory document verification to eliminate duplicate or fake PANs.
Dynamic Updates: Easier online updates for changes in address, phone number, or other details.
The move aligns with the government’s push for a fraud-resistant financial ecosystem and better compliance under initiatives like the GST regime and tax transparency laws.
_______________________________________
Who Needs to Apply for PAN 2.0?
New Applicants: Individuals applying for PAN for the first time will automatically receive PAN 2.0.
Existing PAN Holders: While not mandatory yet, the IT Department strongly advises upgrading to PAN 2.0 to avoid future discrepancies in financial or tax-related transactions.
High-Risk Cases: Those flagged for duplicate PANs, mismatched Aadhaar linkages, or suspicious transactions must update to PAN 2.0 by March 31, 2025.
_______________________________________
How to Apply for PAN 2.0: Step-by-Step Guide
For New Applicants
Visit the Official Portal: Go to www.utiitsl.com or www.tin-nsdl.com.
Select Form 49A/49AA: Form 49A (for Indian citizens) or 49AA (for NRIs).
Fill Details: Enter personal information, Aadhaar number, and contact details.
Upload Documents:
Identity Proof (Aadhaar, Passport, Voter ID).
Address Proof (Utility bill, Rent agreement).
Date of Birth Proof (Birth certificate, School leaving certificate).
Biometric Authentication: Optional but recommended for PAN 2.0. Visit a PAN center for fingerprint/iris scan.
Pay Fees: ₹93 (online) or ₹101 (offline) for Indian addresses.
Track Application: Use the 15-digit acknowledgment number to check status.
