This article is based on official government release. The Indian government, through the Cabinet Committee on Economic Affairs (CCEA), has approved the Income Tax Department’s Permanent Account Number (PAN) 2.0 Project on November 25, 2024.
This initiative is set to revolutionize how PAN and Tax Deduction and Collection Account Number (TAN) are issued and managed, creating a simpler, more user-friendly, and efficient system for all taxpayers.
This press release, posted on November 26, 2024, at 7:00 PM by PIB Delhi, outlines the key features and benefits of this transformative project.
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With the existing PAN database containing 78 crore PANs and 73.28 lakh TANs, the PAN 2.0 Project addresses growing taxpayer needs. It focuses on consolidating services, currently spread across the e-Filing Portal, UTIITSL Portal, and Protean e-Gov Portal, into a single, unified platform. This streamlining aims to provide efficient services to PAN/TAN holders and improve the overall taxpayer experience. This new system will make it easier for users to apply for a new PAN card online.
PAN 2.0 also aligns with the Digital India initiative, establishing PAN as a common identifier for all digital systems of specified government agencies. This enhancement will facilitate seamless data sharing and improve the efficiency of various government processes. Want to stay updated on all things PAN? Access comprehensive resources and guides here.
Frequently Asked Questions (FAQs) on PAN 2.0 Project
Q1: What is PAN 2.0?
PAN 2.0 is an e-Governance project designed to re-engineer taxpayer registration services. The project leverages the latest technology to enhance PAN service quality by consolidating all processes related to PAN and TAN allotment, updates, and corrections. It also provides online PAN validation for financial institutions, banks, and government agencies.
Q2: How is PAN 2.0 different from the existing setup?
PAN 2.0 integrates services currently spread across multiple platforms into a single unified portal. It also introduces paperless processes, makes PAN/TAN allotment/updates/corrections free of charge (e-PAN sent to registered email), and charges a nominal fee for physical PAN cards (₹50 domestic, ₹15 + postal charges for international delivery).
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Q3: Do existing PAN card holders need to apply for a new PAN?
No. Existing Permanent Account Numbers and cards remain valid under PAN 2.0. There's no need to reapply.
Q4: Can corrections be made to existing PAN details?
Yes. Corrections to email, mobile, address, name, and date of birth can be made free of cost after PAN 2.0 commences. Until then, Aadhaar-based online updates for email, mobile, and addresses are available.
Q5: Do I need to change my PAN card under PAN 2.0?
No, your current PAN card is still valid. It only needs changing if you require updates or corrections. Learn how to reprint your PAN card here.
Q6: How will new PAN cards be delivered?
Physical PAN cards will only be issued upon request due to updates/corrections.
Q7: Will older PAN cards without QR codes continue to function?
Yes. Existing PAN cards remain valid. Dynamic QR codes with updated data will be part of PAN 2.0. Holders of older cards can apply for a new QR-coded card under the existing system or with PAN 2.0. A dedicated guide to PAN card security can be found here.
Q8: What is the "Common Business Identifier"?
As announced in the Union Budget 2023, PAN will serve as a common business identifier for specified government agencies.
Q9: Will the Common Business Identifier replace PAN?
No. The Permanent Account Number itself will function as the Common Business Identifier.
Q10: What does "Unified Portal" mean?
The unified portal consolidates all PAN/TAN related services onto a single platform, streamlining processes and improving grievance redressal.
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