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FM launches facility of Instant PAN through Aadhaar based e-KYC

Image Source: Income Tax Department

Getting a PAN has never been this easy! All you need is your Aadhaar number. Just visit the e-filing portal of the Income Tax Department & follow the steps provided to generate your ePAN, within minutes!

While presenting the Union Budget 2020 on 1st February, 2020, the Finance Minister Nirmala Sitaraman has announced for instant allotment of PAN on the basis of Aadhaar Number without any requirement for filling up a detailed application form.

A system to be launched soon, for instant online allotment of PAN on the basis of Aadhaar, without the need for filling any application form, Finance Minister Nirmala Sitaraman Tweeted on February 1, 2020.

On 12th February, 2020, the income tax department finally launched the facility to allot PAN instantly through Aadhaar and it is free of cost.

The instant PAN allotment in near to real-time is available at free of cost. Individuals (other than minors) with a valid Aadhaar number (with updated Mobile number) can avail the PAN allotment facility.

This time this facility of instant allotment of PAN is introduced on the e-filing portal.

In line with the announcement made in the Union Budget, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman formally launched the facility for instant allotment of PAN (on near to real-time basis) here today. This facility is now available for those PAN applicants who possess a valid Aadhaar number and have a mobile number registered with Aadhaar. The allotment process is paperless and an electronic PAN (e-PAN) is issued to the applicants free of cost.

It may be recalled that in the Union Budget, 2020, Finance Minister Smt. Sitharaman had announced to launch instant PAN facility shortly. In para 129 of the Budget Speech, the Finance Minister had stated, “In the last Budget, I had introduced the interchangeability of PAN and Aadhaar for which necessary rules were already notified. In order to further ease the process of allotment of PAN, soon we will launch a system under which PAN shall be instantly allotted online on the basis of Aadhaar without any requirement for filling up of detailed application form.”

The facility of instant PAN through Aadhaar based e-KYC has been launched formally today, however, its ‘Beta version’ on trial basis was started on 12th Feb 2020 on the e-filing website of Income Tax Department. Since then onwards, 6,77,680 instant PANs have been allotted with a turnaround time of about 10 minutes, till 25th May 2020.

It may also be noted that as on 25.05.2020, a total of 50.52 crore PANs have been allotted to the taxpayers, out of which, around 49.39 crore is allotted to the individuals and more than 32.17crore are seeded with Aadhaar so far.

The process of applying for instant PAN is very simple. The instant PAN applicant is required to access the e-filing website of the Income Tax Department to provide her/his valid Aadhaar number and then submit the OTP received on her/his Aadhaar registered mobile number. On successful completion of this process, a 15-digit acknowledgement number is generated. If required, the applicant can check the status of the request anytime by providing her/his valid Aadhaar number and on the successful allotment, can download the e-PAN. The e-PAN is also sent to the applicant on her/his email id if it is registered with Aadhaar.

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