The PAN 2.0 plan is designed to make it easier and simpler to manage PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number). This project aims to bring all the processes together on one platform and make it more efficient and user-friendly for everyone.
With PAN 2.0, you can easily update details like your address in the Income Tax Department¡¯s records. Once updated, you can receive an e-PAN with a QR code via email. If you prefer a physical card, you can request one for a small fee of Rs 50.
This new system makes managing your PAN simpler and ensures smooth communication with financial institutions and tax authorities.
Even though the PAN card does not show your address or work as proof of address, keeping your address updated in the Income Tax Department¡¯s records is important. Here¡¯s why:
- Better Communication: Financial institutions and tax authorities use the address in their records to contact you.
-Stay Informed: Keeping your address up-to-date ensures you don¡¯t miss any important messages or updates.
Thanks to Aadhaar-based online services, updating your address on your PAN card is now easier than ever. If your PAN is linked to your Aadhaar, you can use your Aadhaar¡¯s address to update your PAN details.
The Income Tax Department has allowed two agencies to issue and manage PAN cards:
-Protean eGov Technologies Ltd (formerly NSDL)
-UTI Infrastructure Technology and Services Ltd (UTIITSL)
You can check the back of your PAN card to see which agency issued it.
You can update your address on your PAN card using the Aadhaar-based system. Here¡¯s how:
-Go to the NSDL PAN Address Update Link (https://www.onlineservices.nsdl.com/paam/endUserAddressUpdate.html).
-Enter your PAN number, Aadhaar number, and date of birth.
-Tick the consent box for Aadhaar-based verification and click Submit.
-You will receive a one-time password (OTP) on your Aadhaar-linked mobile and email. Enter this OTP to verify your details.
-Review the address details from Aadhaar (they will appear partially hidden). Confirm the details.
-Submit your request to update the address. This service is completely free.
Visit the UTIITSL PAN Address Update Link.
-Follow the same steps mentioned above for NSDL.
The upgraded PAN card has a QR code that holds encrypted details, making verification faster and reducing the chances of fraud.
The PAN 2.0 system makes it simple to update your PAN card with a QR code. Keeping your information accurate helps ensure smooth communication with tax authorities and financial institutions. Take advantage of the free Aadhaar-based address update service and benefit from a modernised PAN system today!