What is Pan Card, PAN full form, validity of Pan Card

What is pan card?

A permanent account number is a ten-character alphanumerical symbol, issued among the form of a laminated “PAN CARD”, by the Indian tax Department to any “person” who applies for it.

A PAN is a distinctive symbol issued to all or any or any judicial entities identifiable under the Indian income tax Act,1961. A PAN is very important for filing income tax returns. A PAN card isn't acceptable as proof of Indian citizenship.

A PAN card contains PAN number, name, DOB, and address. A PAN number is allotted through a laminated card, that's termed a PAN card.

What is pan full form?

Pan full form is Permanent Account Number

How long is the pan card valid?

The Pan is valid for a lifetime

3 - digit,4 - digit,5- digit, 6 to 9 digit, 10 - digit PAN number meaning

What does ten-digit pan number mean?

This doesn’t hold any personal significance to the cardholder, nonetheless it holds one amongst the keys to maintaining the protection of the PAN. to return up with the last letter within the pan, the primary nine digits are going to be run in an algorithmic rule to produce the tenth letter. As such, it's not randomly generated however rather the results of complicated mathematical computation. once combined as a ten-digit string, your permanent account number is an important instrument in establishing verifying your identity. more significantly, it's proof that you simply are contributive to Indian society.

What does the first 3 digit pan number mean?

The first group of three digits consists of letters in the alphabet. whereas this trio of letters doesn’t even have any invaluable data to show, it will come in handy in the determination of the last digit in the PAN string.

What does the 4 digit pan number mean?

This reflects the cardholder’s classification as a taxpayer. As there are only ten classifications of taxpayers as per the Income Tax Act of India, then you can only expect any of these letters to appear on the fore digits of the PAN.

A is for Association of persons
B is for Body of Individuals
C is for Companies
F is for Firms
G is for Undivided Hindu Families
J is for Artificial Judicial Persons
L is for Local Authorities
P is for Persons or Individuals
T is for Association of persons for a Trust

What does the 5 digit pan number mean?

This is a representation of the first letter of the surname or the officially registered name of the business of the firm.

What does the 6 to 9 digit pan number mean?

Like the first three digits in the PAN, the six to nine digits are clustered as a mixture of numbers between zero and nine. The fore- number combination is system-generated and can play a vital role in the determination of the last.