The Government of India has introduced a new and advanced PAN system, called PAN 2.0. The scheme was announced by Union Minister Ashwini Vaishnav on Monday, and the Cabinet Committee on Economic Affairs has approved the project. The goal of this scheme is to make PAN a common business identity card for all government agencies. Now, the question arises: how will the new PAN card be different from the old one? Let’s learn more about this new scheme from the Income Tax Department.

New Features of PAN 2.0

The Permanent Account Number (PAN) system was introduced in 1972 and has served as a taxpayer’s identity for decades. PAN 2.0 will be an upgrade to the old system from a technical perspective, aligning with the government’s Digital India plan.

The central government plans to invest Rs 1,435 crore to upgrade the system. The new PAN card will feature a QR code, making it easier to scan and complete online tasks. This shift to a digital system will enhance security and efficiency.

The new system aims to provide a faster and more seamless experience for taxpayers, allowing them to access services easily. It will also function as a common business identity card for specific areas. Furthermore, the security system will be strengthened to combat growing threats. The entire process will become paperless, benefiting the environment and reducing government costs.

What Did the Union Minister Say?

Minister Ashwini Vaishnav, while announcing the scheme, said, “The old system will be upgraded, and a new digital version will be introduced. We will try to make it a common business identity card. It will have an integrated portal and will be completely paperless and online. Emphasis will also be placed on improving the grievance redressal system.”

According to the cabinet briefing, upgrading the old PAN card will come at no extra cost. There are currently more than 78 crore PAN cardholders in the country. PAN is a crucial document for linking tax payment records, income tax returns, and assessments. It also helps the government detect tax evasion and expand the tax base.

How to Get PAN 2.0 via Email

The Government of India has not yet started issuing PAN 2.0. However, you can still receive it via email by following these steps:

  • Visit the Official NSDL Website:  Go to the official NSDL website at NSDL ePAN Download.
  • Select ‘Download ePAN/ePAN XML: ‘ On the webpage, click on the ‘Download ePAN/ePAN XML’ option. This will take you to a new page.
  • Enter Required Details:  Fill in your PAN card number, Aadhaar number, and date of birth. Tick the check box and click Submit.
  • Verify via OTP:  After submitting, you will receive an OTP on your registered mobile number. Enter the OTP and click Proceed to Payment.
  • Payment and e-PAN Delivery:  After completing the payment, your e-PAN will be sent to your registered email ID. Ensure that your email ID is registered with the Income Tax department. If it is not, you can register it before proceeding.