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PAN - Permanent Account Number

3 min read

Quick Summary

PAN is a unique 10-digit alphanumeric code issued by the Income Tax Department to track financial transactions and tax payments.

PAN (Permanent Account Number) is a 10-character alphanumeric identifier issued by the Income Tax Department. It is mandatory for filing income tax returns, opening bank accounts, and high-value transactions.

Key Points

  • 10-character alphanumeric code
  • Issued by Income Tax Department
  • Mandatory for tax filing
  • Required for opening bank accounts
  • Needed for high-value transactions