Introduction
Permanent Account Number is commonly know as PAN. This is issued by Income Tax Department of India having unique ten digit alphanumeric number in the form of a laminated tamper proof card.
The Permanent Account Number (PAN) is unique to an individual or entity and it is valid across India. Permanent Account Number once allotted to an individual or entity is unaffected by a change of name, address within or across states in India or other factors.
Logical Setting of a PAN Card Number
SAMPLE PAN Number AAACA9999R
Lets discuss importance of each alpha numeric digit of PAN Card.
First three characters are alphabetic series running from AAA to ZZZ.
Fourth character represents the status of the PAN holder.
“P” stands for Individual.
“F” stands for Firm.
“C” stands for Company.
“H” stands for HUF.
“A” stands for AOP.
“T” stands for TRUST etc.
Fifth character represents first character of the PAN holder’s last name/surname.
Next four characters are sequential number running from 0001 to 9999.
Last character is an alphabetic check digit.
HOW CAN WE KNOW PAN NUMBER?
PAN card along with serving as identity proof also assists in checking on tax evasion to track financial transactions taxable in nature. Income tax department has provided an alternative for you to verify your PAN with the help of certain personal details provided by you while applying for PAN. You need to remember your PAN to use this facility.
Step to Verify PAN
Step 1. Visit incometaxindiaefiling [dot] gov [dot] in
Step 2. Enter your pan number
Step 3. Date of birth is also required
Step 4. Select status of applicant (individual, company, association of person, partnership firm, HUF etc.)
Step 5. Enter Captcha code
