The e-PAN has been introduced by the income tax department. With e-PAN, first time taxpayers can instantly receive the PAN online. The Government is working towards this initiative, which will enable taxpayers’ access e-PAN through Aadhaar based e-KYC verification in less than 10 minutes.
The Minister of State for Finance, Anurag Thakur, made the announcement in the Lok Sabha. He said that the government was planning to implement PAN/TAN processing centres, which would allocate e-PANs to taxpayers real-time, in less than 10 minutes.
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The applicant must fulfil the following eligibility criteria to apply for e-PAN:
See Also: How To Check The Status Of PAN Card?
Listed below are some of the important points you must know on e-PAN:
This would help the IT department reduce the time taken to allot the PAN, especially to people who apply for PAN through Aadhaar based e-KYC route.
The Government has initiated the process to improve technology and infrastructure, for the allotment of PAN to individual taxpayers. The income tax department will soon roll out e-PAN cards on enhanced real-time basis through PAN processing centres. The taxpayer who already holds a PAN or is enrolled under Aadhaar, can access this service free of cost. The e-PAN will be issued after KYC verification and in less than 10 minutes.
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