The Permanent Account Number (PAN) card is a crucial document in India, primarily used for paying taxes, proof of identity, and for conducting various financial activities. The Income Tax Department of India has recently rolled out the PAN 2.0 initiative, a major update aimed at enhancing security, convenience, and modernizing the system. PAN 2.0 includes the integration of a QR code on e-PAN cards, which offers greater security and improved functionality for taxpayers. In this article, we provide a comprehensive guide on the new PAN 2.0 system, including how to apply for a QR-based PAN card and its features.
Table of Contents
Short Summary Of QR-Based PAN 2.0 Card
Feature |
Details |
|---|---|
Service Name |
PAN 2.0 |
Key Feature |
E-PAN with QR Code |
Application Process |
Available via NSDL and UTIITSL portals |
Cost of Physical PAN |
₹50 (Within India), ₹15 + postal charges (International) |
Free Services |
PAN allotment, updates, and corrections are free |
Security |
Enhanced security through QR code |
Benefits |
Faster processing, free updates, better security, and easy verification |
Official Websites |
|
What is PAN 2.0?
PAN 2.0 is an upgraded version of the traditional PAN card. The new system incorporates a quick-response (QR) code on the e-PAN card, enhancing security and making it more efficient for verification. PAN 2.0 aims to provide taxpayers with a digital solution that can be accessed easily and securely, reducing the risk of fraud. The e-PAN with the QR code will be sent to the applicant’s registered email address for free, streamlining the process.
Key Features of PAN 2.0
- E-PAN with QR Code: The e-PAN issued under PAN 2.0 will feature a QR code that will enable easier and more secure verification. This QR code will make the PAN card more reliable and prevent the use of fake or altered PAN cards.
- Free Services: The PAN 2.0 service is designed to be user-friendly and cost-effective. The allotment, update, or correction of PAN details will be provided for free. Additionally, applicants can request an e-PAN up to three times without any fee. After that, there will be a minimal charge of ₹8.26 for each additional request.
- Physical PAN Card: While e-PAN cards are issued free of charge, a nominal fee of ₹50 is charged for a physical PAN card within India. For international delivery, the cost is ₹15, plus postal charges.
- Free Updates: Updating PAN details, such as email addresses, will be free of charge, ensuring that your PAN details are always accurate and up to date.
- Enhanced Security: The addition of the QR code enhances the security of the PAN card, making it easier for authorities to verify the information digitally, reducing fraudulent activities.
How to Apply for PAN 2.0?
The process to apply for a PAN 2.0 card is straightforward, and there are two major platforms where you can apply: the NSDL portal and the UTIITSL portal.
1. Applying through the NSDL Portal
To apply for an e-PAN card through the NSDL portal, follow these simple steps:
- Visit the NSDL e-PAN portal: NSDL e-PAN Portal.
- Enter your PAN number, Aadhaar number, and date of birth.
- Verify the information provided.
- Choose the method to receive a One-Time Password (OTP).
- Enter the OTP and proceed with the payment.
- The first three requests for e-PAN are free. After that, a fee of ₹8.26 will be applicable for each additional request.
- After completing the payment, your e-PAN will be sent to your registered email address in PDF format within 30 minutes.
For assistance, you can email tininfo@proteantech.in or call 020-27218080.
2. Applying through the UTIITSL Portal
To apply for e-PAN through the UTIITSL portal, follow these steps:
- Visit the UTIITSL e-PAN portal: UTIITSL e-PAN Portal.
- Enter your PAN number, date of birth, and the captcha code.
- If your email is not registered, update it when PAN 2.0 is officially launched.
- If your PAN has been issued for more than 30 days, you can request an e-PAN in PDF format for ₹8.26.
- Your e-PAN will be sent to your registered email ID in PDF format.
Advantages of PAN 2.0
The introduction of PAN 2.0 brings several advantages for both individuals and the government, including:
- Enhanced Security: The QR code feature allows for easy and secure verification of PAN cards, significantly reducing fraud.
- Convenience: The process of applying for an e-PAN card is now faster, and the e-PAN can be received in PDF format via email within 30 minutes.
- Cost-Effective: The PAN 2.0 system is more affordable, with free services for allotment and updates, and minimal fees for physical PAN cards.
- Free Updates: Individuals can now update their PAN details free of charge, making it easier to keep their information up to date.
- Digital Transformation: By adopting e-PAN with QR codes, the system moves towards a more paperless and efficient environment.
Is It Necessary to Replace the Old PAN Card?
While old PAN cards without the QR code remain valid, experts recommend replacing them with the new PAN 2.0 cards. This ensures that individuals benefit from the enhanced security features of the QR code, which prevents fraudulent use. Moreover, the new card adds a layer of authenticity to your PAN details, especially when you are required to show your PAN for official purposes.
FAQ’s About Introduction to PAN 2.0
Q1. What is PAN 2.0?
Ans. PAN 2.0 is an upgraded version of the traditional PAN card, which includes a QR code for enhanced security and verification.
Q2. How can I apply for PAN 2.0?
Ans. You can apply for PAN 2.0 through the NSDL or UTIITSL portal by entering your PAN number, Aadhaar number, and other required details.
Q3. Is the old PAN card with no QR code valid?
Ans. Yes, the old PAN cards without QR codes are still valid, but it is recommended to replace them with the new PAN 2.0 for better security.
Q4. How much does a physical PAN card cost?
Ans. A physical PAN card costs ₹50 within India, and ₹15 plus postal charges for international delivery.
Q5. How can I update my PAN details?
Ans. You can update your PAN details, including email ID, for free under the PAN 2.0 system.
Conclusion
PAN 2.0 is a significant step forward in improving the security, efficiency, and accessibility of the PAN card system in India. With features like the e-PAN with QR codes, free updates, and enhanced security measures, PAN 2.0 is set to offer better services to taxpayers, individuals, and businesses alike. The process to obtain a PAN 2.0 card is simple, and the benefits far outweigh the costs, especially with the added convenience and protection it provides.
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