What is PAN Card?
PAN (Permanent Account Number) is a 10-digit alphanumeric ID issued by the Income Tax Department. It is mandatory for financial transactions like opening a bank account, filing ITR, buying property, or making high-value payments.
- Valid for lifetime
- Accepted nationwide as ID proof
- Linked to Aadhaar (as per govt. rule)
- Required for KYC in banks & investments
No PAN = 20% TDS on interest, rent & professional income




