Finance Minister launches facility of Instant PAN through Aadhaar based e-KYC
Finance Minister Nirmala Sitharaman has officially launched
the facility of instant PAN through Aadhaar based e-KYC on 28 May.
The facility is in line with the announcement made in the
The new facility is now available for those PAN applicants
who possess a valid Aadhaar number and have a mobile number registered with
The electronic PAN (e-PAN) is issued to the applicants free of cost.
Instant PAN facility to further ease the process of
allotment of PAN. It shall be instantly allotted online on the basis of Aadhaar
without any requirement for filling up of detailed application form.
The facility of instant PAN through Aadhaar based e-KYC's
'Beta version' on a trial basis was started on 12 February 2020 on the e-filing
website of the Income Tax Department.
During its trial, 6,77,680 instant PANs have been allotted
till 25 May 2020.
Over 50.52 crore PANs have been allotted to the taxpayer, so
Around 49.39 crore is allotted to the individuals and more than 32.17
crore are seeded with Aadhaar.
The instant PAN applicant is required to access the e-filing
website of the IT Department to provide the individual's valid Aadhaar number
and then submit the OTP received on her/his Aadhaar registered mobile number.
Upon successful completion, a 15-digit acknowledgment number
The status of the application can be checked anytime by
providing her/his valid Aadhaar number and on the successful allotment, can
download the e-PAN.
The e-PAN will be sent to the applicant on her/his email id
if it is registered with Aadhaar.
The launch of the Instant PAN facility will help the Income
Tax (IT) Department towards Digital India.
It will create further ease of
compliance with the taxpayers.