What is PAN format?

What is PAN format?

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card (commonly known as PAN card). Last character, i.e., the tenth character is an alphabetic check digit. Thus, option (c) is the correct option.

What is PAN use?

The Permanent Account Number (PAN) card, issued by the Income tax Department, is one of the most important documents nowadays. Uses Of Pan Card. The card was issued in order to prevent tax evasion by individuals and entities as it links all financial transactions made by a particular individual or entity.

How do you write PAN?

PAN has a typical format of ABCTY1234D. The first three characters, i.e. ‘ABC’ in the above number is an alphabetic series ranging between AAA and ZZZ. The 4th character, i.e. ‘T’, represents the PAN holder’s status. The alphabet ‘T’ represents Trust, ‘F’ for Firm, ‘H’ for HUF, ‘P’ for Individual, ‘C’ for Company etc.

What is surname and first name in PAN?

While filling out the form, you should fill your surname before your first name. However, on the PAN card, your name will appear in the sequence of ‘First name Surname’.

How many alphabets are there in PAN?

A permanent account number (PAN) is a ten-character alphanumeric identifier, issued in the form of a laminated “PAN card”, by the Indian Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application.

Where is PAN card needed?

Any kind of loan, be it an education loan, personal loan or other, a PAN card is a mandatory document to be submitted. A PAN card is required if you want to invest an amount of more than Rs. 50,000 as a Fixed Deposit. It is required as the bank will deduct TDS on the FD interest amount.

How many digits are there in PAN card?

ten-digit
PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card (commonly known as PAN card). Last character, i.e., the tenth character is an alphabetic check digit.

How can I enter my initial IN PAN card?

The Income Tax Department, however, does not accept initials. Hence it is advisable to use full names instead of initials. Just like every other form, PAN card application also requires two passport sized photos to be affixed in the form.

Can I apply for PAN card without surname?

You can’t register for pan card without surname. If two word name then write your last name in surname and first name in first name. The important thing is to give your name correctly and keep it constant across various documents – Aadhaar, Bank account, driving license, voter card, passport.

What is the meaning of 10 digit in PAN card?

permanent account number
Your permanent account number (PAN) is a 10-digit alphanumeric number, which is used as your identity proof. It is used mainly for tax related purposes. The first five characters are letters from the English alphabet, the next four characters are numbers and the last character is also a letter.