Understanding PAN Card Fees: Your Guide to Costs in 2023

A Permanent Account Number (PAN) card is crucial for Indian citizens, serving in identity verification, preventing tax evasion, and ensuring transparency in India's financial system. Under Regulation 114B of Indian Tax Regulations, a PAN card is required for any financial activity, and non-compliance can lead to penalties, emphasizing the importance of its unique ten-digit alphanumeric code.

Understanding the fees and charges which vary by residency is vital before applying for a PAN card. This article details PAN card fees, payment options, and refund procedures.

About the PAN Card

Issued by the Income Tax Department, the PAN card is a laminated plastic card displaying your PAN, name, birthdate, father’s/spouse’s name, and photo. While it verifies identity and birthdate, it does not confirm nationality as foreign investors also require a PAN.

Importance of a PAN Card

The PAN card is key to maintaining financial records, especially for income-related transactions, and is mandatory for anyone with any income source. It doesn’t serve as proof of nationality.

Applying for a PAN Card

PAN cards can be applied for both online and offline:

• Online Application: Use Protean or UTITSL portals to submit documents and pay around INR 93 (excluding GST) for Indian addresses and INR 864 (excluding GST) for foreign addresses. Fees vary according to the method and type.
• Offline Application: Visit a center, fill forms, and submit documents. Be aware that fees vary by type and location.

PAN Card Fees for Indian Citizens

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)

PAN Card Fees for Foreign Citizens

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)

Reprinting/Correction Fees

For corrections or reprints due to damage:

• Within India: INR 50 (including GST)
• Outside India: INR 959 (including GST)

e-PAN Card Fees

Amid increased digital transactions, an e-PAN card costs between INR 66 and INR 72 (including GST) for Indian and foreign nationals.

Payment Methods for PAN Card Fees

Online Payments

• Credit/Debit Card: Pay via NSDL or UTIITSL websites.
• Net Banking: Use banking portals for payment.
• E-wallets: Utilize Mobikwik, Freecharge, Paytm.

Offline Payments

• Demand Draft: Payable to NSDL-PAN, Mumbai.
• Cheque or Cash: Accepted with physical applications.

Make sure to pay correct fees; they are non-refundable.

PAN Card Refund Process

PAN card refunds may be applicable if:

• Excess payment is made.
• Application is rejected post-fee payment.

Refund Request Steps

1. Visit official PAN application sites (NSDL/UTIITSL).
2. Fill the refund request form with details like application number, payment date, and transaction ID.
3. Provide valid bank details for processing.

Application on Behalf of Others

Authorized entities that can apply and pay PAN fees for others include:

• Chartered Accountants: For clients.
• Parents for Minors: For underage children.
• Authorized Agents: With authorization letters and documents.
• Employers: For personnel.

Changing Mobile Number on PAN Card

To update your mobile number:

• Visit: www.incometaxindia.gov.in.
• Log in with credentials.
• Go to "My Profile" > "Settings" and edit contact details.
• Verify with OTP sent to your new phone number and email.

Conclusion

A PAN card is essential for various financial and legal transactions in India. Understanding its application process, fees, and payment methods is crucial. Regularly check official websites for updates on fee structures.

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Frequently Asked Questions

• Can a PAN card be obtained in five days? Typically, it takes 15-20 days; an instant PAN is possible within 48 hours.
• Which PAN card form should Indian citizens use? Fill Form 49A for individuals and entities.
• Is PAN card proof of nationality? No, it is essential for business in India but doesn’t affirm nationality.
• Documents needed for PAN application? Required proofs include Aadhaar, Voter ID, Ration Card with photo, Passport, Driving License. Apply online via NSDL or UTIITSL portals.
• How long to receive a PAN card? PAN cards are dispatched within 48 hours post-application, arriving in about 15-20 days.
• Can an instant PAN be issued using Aadhaar? Yes, by entering your Aadhaar and mobile number.