Home / Health Insurance / Articles / PAN Card / PAN Card Fees and Charges 2024: Comprehensive Guide to Costs, Refunds, and Payments
TeamAckoNov 7, 2024
A PAN identification, also known as Permanent Account Number identification, is an essential document in India. By utilising a PAN card, you can authenticate your identity, assist in preventing tax avoidance, and support the government in upholding an open financial structure.
Having a PAN card is compulsory if you engage in any financial transactions in India, as stipulated by Regulation 114B of the Indian Tax Regulations. Unfortunately, certain individuals, whether intentionally or unintentionally, participate in monetary transactions without a PAN and breach this specific regulation. Consequently, they end up paying heavy penalties.
Therefore, possessing this document with a unique alphanumeric number of ten digits is a necessity. So, gather the documents needed for PAN card and apply for it. But before applying, remember that you need to bear certain fees and charges.
Apart from understanding what are the documents required for PAN card, you also need to learn about the fees associated with it. The charges will vary for an Indian resident and a foreign citizen. Jump into this article to learn everything you need to know about PAN card fees, mode of payments, refund process, and more.
Contents
The Income Tax department gives a laminated plastic card once a PAN is allotted.
While a PAN is a number, a PAN Card is a physical card with your Permanent Account Number, name, birthdate, name of your father/spouse, and photograph. This card can be used as identity or birth date proof.
Anyone intending to obtain a new PAN Card should know the associated fees, whether an Indian citizen or an NRI. The PAN Card is a crucial document that all Indian citizens must acquire. The Income Tax Department of India issues it under the regulations of the Central Board of Direct Taxes.
Primarily, it is issued to record financial transactions, particularly revenues. Therefore, individuals with a source of income must possess a valid PAN Card. Note that a PAN Card does not serve as proof of nationality, as even foreign national investors are required to hold a valid PAN Card.
There are different ways in which you can apply for a PAN card. Let’s explore the options.
Protean or UTITSL portal (previously NSDL eGov) can be used to apply for PAN online. You can also scan and submit the required PAN card documents online.
Similarly, any request for change/correction in PAN data or reprint of PAN card can be made online.
According to the official Income Tax Department of India website, the approximate PAN application fee is INR 93 (excluding GST) for an Indian location and INR 864 (excluding GST) for a foreign address. It varies according to the mode and type of application.
You can pay the application fee through various sources.
After accepting the application and payment, the applicant should send the supporting documents by courier/post to Protean/UTIITSL. The PAN will be processed only once the valid documents reach Protean/UTIITSL.
Type of Application | Fees |
---|---|
Online | INR 101 (With GST) for Indians, INR 1011 (With GST) for foreign citizens |
Offline | INR 107 (With GST) for Indian citizens, INR 1017 (With GST) for foreign citizens |
Correction/ Re-issuance of PAN Card | INR 50 (With GST) for Indian citizens, INR 959 (With GST) for foreign citizens |
The PAN Card is an obligatory document issued by the Income Tax Department of India. It is a tool the government uses to monitor the financial activities of Indian citizens who generate income and are liable to pay taxes. Apart from submitting the necessary documents required for PAN card, you also need to bear some charges. To obtain a PAN Card as an Indian national, the following PAN fees are to be paid:
Type of Application | Fees |
---|---|
Fresh PAN card applications | INR 1011 to INR 1017, including GST |
PAN Card Correction | INR 959 including GST |
Duplicate PAN Cards | INR 959 including GST |
Re-Issue of PAN Card | INR 959 including GST |
A PAN Card may get damaged, or correction may be required on the document relating to the printed information. For instance, there might be a spelling mistake in your name. Or you need to change the date of birth on your PAN card.
Yes, you can get all kinds of mistakes rectified on your PAN card, including your name and DOB. But you will have to bear some charges for it. The applicable fees are as follows:
If the mailing address is within India, a charge of INR 50 will be applicable.
If the mailing address is abroad, a fee of INR 959 (including GST) should be paid.
Also read: ABHA (Ayushman Bharath Health Account) Card
With the surge and ease of digital transactions, the government has introduced an e-PAN Card option. It enables PAN card holders to carry a digital copy of their PAN Cards in PDF format. The e-PAN Card application process is more cost-effective than applying through a TIN Center. The fee for an e-PAN Card application is given below:
Categories | Payment Details |
---|---|
Indian Nationals | INR 66 to INR 72 with GST |
Foreign Nationals | INR 66 to INR 72 with GST |
The fee for a PAN Card varies based on the type of application and how you want to receive it. A new PAN card application costs INR 107, and a reprint or correction application costs INR 50. You can pay PAN Card fees through the following methods:
Demand Draft: A demand draft can be drawn in favour of NSDL-PAN, payable in Mumbai.
Online Payment: You can use NSDL or UTIITSL websites to pay online using your credit card, debit card, or net banking.
E-wallets: Different options of e-wallets like Mobikwik, Freecharge and Paytm are available to make online payments.
Cheque or Cash: You can pay the PAN card fee via cash or cheque if you make a physical application.
Always cross-check the details given in the application and pay the precise amount of fees because the PAN Card fees are not refundable.
A PAN Card refund means getting back the money you paid for your PAN Card application. You can apply for a PAN Card refund in these situations:
You made extra payments for the same PAN Card application.
You paid more than what was needed.
Your PAN Card application was rejected, but you had already paid for it.
To request a PAN Card refund, follow these steps:
Visit the NSDL or UTIITSL website.
Fill out the Refund Request Form.
Provide details like your PAN Card application number, payment date, and transaction ID.
Give your valid bank account number, IFSC code, and other necessary refund details.
According to the Income Tax Department of India, the following individuals are permitted to use and pay the PAN Card fee on behalf of others:
Chartered Accountants (CAs) are authorised to do so.
Parents can do this for their underage children.
Agents and other duly authorised representatives can pay the PAN Card fee for applicants, provided they submit an authorisation letter, required documents, and payment details.
Employers are allowed to do it for their workers.
If you are wondering how to update mobile no. on PAN card, you should follow these steps:
Proceed to the www.incometaxindia.gov.in PAN card portal.
Log in with your password and ID.
Jump to the My Profile menu and look for the Settings option
Choose the edit option beside your contact information.
You can complete the PAN card mobile no. update process here as well as add the email address.
An OTP will come to your mobile number and email address.
Once you enter the OTP, the mobile number change will be successful.
A PAN card is a crucial, valuable document for various purposes. Not only is it accepted nationally, but it also acts as your identity proof. Hence, knowing the process of applying for PAN and the fee structure is essential. However, the fee structure may change from time to time, and it is wise to check with the official website of the Income Tax Department of India or the official websites of the agencies authorised to issue PAN cards on behalf of the IT department before applying for the same.
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Usually, the PAN card application process takes about 15-20 days. However, there is an option for an instant PAN card, which can be ready within 48 hours.
If you are an Indian citizen, you should complete Form 49A to apply for a PAN card. This form is designed for both Indian citizens and entities incorporated in India.
No, a PAN card is mandatory for conducting any business or occupation within India, but it does not deem you an Indian citizen.
You need proof of address and identity to get a PAN card in India. Some documents include your Aadhar card, Voter’s ID, Ration Card with your photo, Passport, Driving License, etc. You can upload the PAN card documents on the NSDL or UTIITSL portal.
You will receive the PAN card within 48 hours of submitting the application. However, receiving the physical PAN card takes around 15 to 20 days.
You will be able to generate your instant PAN card by entering your Aadhaar and mobile number.
Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet, and is subject to changes.
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