Know your PAN Card
The
PAN Number is a 10 Alphanumeric number for uniquely identifier of
Indian income tax payers, issued to all juristic entities identifiable
under the Indian Income Tax Act 1961.
Fundamental of PAN Number
- IT PAN card is issued under Section 139A of the Income Tax Act.
- The PAN structure is as follows: AAAPL1234C: First five characters are letters, next four numerals, last character letter.
- The first three letters are sequence of alphabets from AAA to ZZZ
- The fourth character informs about the type of holder of the card. Each holder is uniquely defined as below:
-
- A — Association of Persons (AOP)
- B — Body of Individuals (BOI)
- C — Company
- F — Firm
- G — Government
- H — HUF (Hindu Undivided Family)
- L — Local Authority
- J — Artificial Judicial Person
- P — Individual
- T — AOP (Trust)
- The fifth character of the PAN is the first character
- (a) of the surname or last name of the person, in the case of a “Personal” PAN card, where the fourth character is “P” or
- (b) of the name of the Entity, Trust, society, or organisation in the case of Company/ HUF/ Firm/ AOP/ BOI/ Local Authority/ Artificial Jurdical Person/ Govt, where the fourth character is “C”,”H”,”F”,”A”,”T”,”B”,”L”,”J”,”G”.
- The last character is an alphabetic check digit.
The central government has introduced a new online service called “Know Your PAN” to verify or validate new and existing PAN numbers
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