The Indian Income Tax Department recently introduced the ePAN card. It is the instant allotment of PAN to first-time taxpayers. This has been done after an increase in the number of people applying for PANs. It is important to note, that it will not be allotted to a person who already holds a PAN.
Currently, ePAN is only being issued to individual taxpayers. This facility is free of cost and is available only for a limited period of time. ePAN will be issued on a first-come-first-serve basis.
Who can Apply For an e-PAN?
To apply for an ePAN card, you must fulfil the following criteria:
You must be an Indian resident;
You must be an Individual tax payer (i.e. not a company or a HUF);
You must not already hold a PAN;
You must have an Aadhaar Card;
You must have an active mobile phone number linked with your Aadhaar; and
Your Aadhaar must have your updated and correct details