Applying Instant Free PAN through Aadhaar e-KYC

FM launches Instant PAN through the Aadhaar-based e-KYC Knowledge Process to get Free PAN

• In accordance with the statement made in the budget of the Union, the Minister for Finance and Corporate Affairs of the Finance Minister officially unveiled the PAN Instant Allocation Service (on a near-real-time basis) here today.
• This facility is now available to those PAN applicants who have a valid Aadhaar number and a mobile number registered with Aadhaar.
• The allotment process is paperless and an electronic PAN (e-PAN) is issued free of charge to the applicants.
• It may be remembered that the budget of the Union for 2020 requires Smt. Nirmala Sitharaman FM  had announced that it would soon be launching an instant PAN service.
• In paragraph 129 of the Budget Address, the Finance Minister said, “In the last budget, I implemented the interchangeability of PAN and Aadhaar, for which the required rules had already been notified. In order to further accelerate the process of assignment of PAN,

What are the Feature of Aadhaar-based e-KYC Knowledge Process to get Free PAN?

• we will soon launch a program in which PAN will be instantly allocated electronically on the basis of Aadhaar without any need to fill out a comprehensive application form.
• The Instant PAN facility via Aadhaar-based e-KYC was officially launched today, but its trial-based ‘Beta’ edition was released on 12 February 2020 on the Income Tax Department’s e-filing website.
• Since then, 6,77,680 instant PANs have been released with a processing period of around 10 minutes, until 25 May 2020.
• It can also be noted that, as at 25.05.2020, a total of 50.52 crore Accounts have been allotted to citizens, out of which roughly 49.39 crores is allotted to individuals and more than 32.17 crores are so far seeded with Aadhaar.
• The instant PAN application method is very quick. Instant PAN applicants are expected to visit the Income Tax Department’s e-filing website to provide their valid Aadhaar number and then apply the obtained OTP to their registered Aadhaar mobile phone.
• Upon effective completion of this process, a 15-digit recognition number is created. If required, the applicant can, at any time, check the status of the request by providing its valid Aadhaar number, and on positive submission, download the e-PAN.
• The e-PAN will also be submitted to the user via e-mail if it is registered with Aadhaar.
• The introduction of the immediate PAN facility is just another step by the Income Tax Department towards Digital India, making it easier for taxpayers to comply.
• It is compulsory to connect your PAN card to Aadhaar by 30 June of this year, otherwise, it will become inoperative. The income tax department also allowed all income taxpayers to use their Aadhaar numbers instead of the PAN.

What is the process of Instant online PAN for Free Using Aadhaar?

• PAN stands for Permanent Account Number, by means of which all tax-related information for a person/company is registered.
• It serves as the primary key to the storing of knowledge that is spread throughout the world.
• Therefore, one person can not have more than one PAN card or two people can not have the same PAN. The PAN is valid for life.
• The Minister for Finance and Corporate Affairs of the Union Smt. Nirmala Sitharaman has launched a new facility through the 2020 budget, where people will be able to access instant PAN through the Aadhaar number without having a comprehensive application form.
• The facility is completely paperless and no physical submission is required. The Instant PAN allocation service is for users who have a valid Aadhaar number. PAN is issued to applicants in PDF format free of charge.

Step by Step Process to apply for PAN online free of charge:

• The process to Apply Instant Free PAN through Aadhaar :

Step-1: Go to https:/www.incometaxindiaefiling.gov.in / home and click “Instant PAN”

It’s going to lead you to the Instant PAN through the Aadhaar tab.

Stage-2: Now press the “Get New PAN” button

It will forward you to the PAN application form

Step-3: Filing a PAN form

• • • You will be asked to include your Aadhaar number for the PAN assignment after phase 2.
    • Enter the 12-digit Aadhaar code, select “I confirm that” checkbox, enter Captcha, and press “Generate Aadhaar OTP”
    • The OTP will be sent to the registered mobile number or to the Aadhaar phone. Enter the OTP and validate the number of Aadhaar.
    • Now validate the Aadhaar details, i.e. the address indicated on the Aadhaar card. Please also check your Email Address.

Step-4: Submit the PAN form

• • • After you have provided the details above, click on “Submit PAN Request.”
    • After you have submitted details, a 15-digit recognition number will be generated. Save it from your history.

Step-5: Get PAN card

• • • Check the status of your PAN card by repeating Step 2 and clicking “Check Status / Download PAN”

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