PAN Card 2.0: What is QR Based new PAN Card? key benefits, application process

PAN 2.0 Card- The Income Tax Department in India has recently introduced PAN 2.0 to further advance the PAN card system. Its purpose is to improve security and make the entire process easier. It provides the facility of e-PAN with scannable QR code, which offers fast authentication and reduces the chances of fraud or misuse of PAN card.

The digital version of this e-PAN is available for free and you can get it immediately through email. Whereas the physical PAN card arrives at the address given by you after paying a nominal fee. However, if you already have a regular PAN card which does not have a QR code, then it is still completely valid. That is, it is not compulsory for you to update it.

This new PAN card will also have a QR code. With the help of this QR code, identification of PAN card will become very easy. Giving information about the PAN 2.0 project on November 26, the Central Board of Direct Taxes said that through PAN 2.0, the process of management of PAN and TAN is to be modernized and streamlined. Let us tell you that the PAN card issued through PAN 2.0 will have a QR code. Which will be like Aadhar card. By scanning it, the verification process can be easily completed online.

Required Documents for Application

Aadhaar Card

Passport

Driver’s License

Voter ID

How to apply for PAN 2.0 card through Protean (NSDL)?

• For this, first go to the re-print website of Protean.
• Now enter your PAN number, Aadhaar number and date of birth here.
• Accept the declarations and click on “Submit”.
• Verify the masked PAN details and select Mobile/Email/Both to receive OTP.
• Now you will get OTP, enter it and verify it within 10 minutes.
• After this go to the payment page, accept the terms and pay the reprint fee of Rs 50.
• After payment you will get a receipt, save it.
• You can download your e-PAN after 24 hours.
• Physical PAN card will reach your registered address within 15 to 20 days.