PAN Card in 48 hours

PAN (Permanent Account Number) is considered to be one of the most relevant documents for the taxpayers nationwide. It is imperative to own a Permanent Account Number if someone wishes to categorize their financial transactions in a systematic way. The PAN system has simplified the taxation system of the country by providing a streamlined solution for tax payment. PAN system in India is similar to the Social Security Number system(SSN) in US which was primarily used to track the citizen’s transactions for security purposes but has been recently considered as a required document for filing tax returns. Once issued, a PAN card’s validity extends through a lifetime.

How to apply for PAN in 48 hours

You can follow these steps to apply for PAN within 48 hours:

• Visit the NSDL website and select the appropriate form from the options provided.
• Once you have read through the guidelines, select the type of form (with or without Digital Signature Certificate) and type of applicant from the drop down menu and proceed to fill in the details requested.
• Once you have filled in the details and uploaded the relevant documents, submit the form.
• You will receive an acknowledgement in the form of your application number, which you can use to track the status of your application.
• You will receive your PAN card through registered post once the details submitted by you have been verified and processed.

Structure of Pan Card

PAN is a unique 10-digit alphanumeric code that provides the details regarding the identity of a person by tracking all their financial transactions. PAN is generally in the format ABCDE1234F.

But, did you know that your PAN number encloses details to your identity?

The first three characters are random alphabetic combinations from AAA to ZZZ. The total number of possible combinations is 17,576. So the first three alphabets of your PAN are chosen from a pool of 17,576 combinations of three alphabets.

The fourth character represents the PAN owner's status. So, if the fourth character is P, it means that the PAN is alloted to an individual/person. Similarly, here's a list of what the fourth alphabet of your PAN card could mean.

1. Association of Persons
2. Body of Individuals
3. Company
4. Firm
5. Government
6. Hindu Undivided Family
7. Local Authority
8. Artificial Juridical Person
9. Trust

The fifth character is the first letter of your surname. So, if your surname is Reddy, then the fifth character on you PAN would be R.

Just like the first three characters, the sixth to ninth characters are also the sequential combinations from 0001 to 9999. The number of possible combinations is 10,000.

The tenth character is worked out by applying a formula to the predetermined nine characters.

Details in PAN Card

• Photograph of the PAN card owner
• Name
• Date of Birth
• PAN card number
• Date on which PAN card was issued