PAN Card Eligibility

PAN card eligibility - Check if you are eligible for a PAN card in a few simple steps.
CHECK SCORE
PAN Card Eligibility
CHECK SCORE
3 mins read
21-Aug-2024

A Permanent Account Number (PAN) card is a crucial document for anyone engaging in financial transactions within India. Issued by the Income Tax Department, a PAN card serves as a unique identifier for individuals, families, and entities involved in economic activities. Whether you are an Indian citizen, a foreign national residing in India, or a corporate entity, understanding the eligibility criteria and the required documentation for obtaining a PAN card is essential. This guide will outline who can apply for a PAN card, the specific eligibility requirements for Indian citizens, and the documents needed for a PAN card application.

Who can apply for a PAN card?

A PAN (Permanent Account Number) card can be applied for by any individual or entity that requires financial transactions within India. This includes Indian citizens, foreign nationals residing in India, companies, partnership firms, trusts, and charitable organisations. Essentially, anyone involved in taxable activities, or needing to file tax returns, or carrying out high-value financial transactions is eligible to apply for a PAN card. The PAN card is a crucial identification tool used by the Income Tax Department to track financial transactions and prevent tax evasion.

PAN card eligibility for Indian citizens

Individual applicants

Indian citizens, including minors and students, can apply for a PAN card. Guardians or parents can apply on behalf of minors. Adults, including salaried individuals, self-employed persons, and professionals, are also eligible.

Hindu Undivided Families (HUFs)

A Hindu Undivided Family can apply for a PAN card through its Karta, the family head, who will be responsible for all financial transactions made in the family’s name.

Companies and firms

Registered companies, partnership firms, and limited liability partnerships (LLPs) operating in India must have a PAN card for conducting financial transactions and for filing taxes.

Trusts and associations

Trusts, associations of persons (AOPs), body of individuals (BOIs), and local authorities can also apply for a PAN card to handle their financial dealings.

PAN card eligibility for Non-Resident Indians (NRIs) and foreign citizens

Non-Resident Indians (NRIs) and foreign citizens seeking to engage in financial transactions within India are required to possess a Permanent Account Number (PAN) card. To apply for a PAN card, individuals must submit the necessary documents, including:

  • Identification proof: Valid passport or any other equivalent government-issued identification document.
  • Address proof: Recent utility bill, bank statement, or rental agreement with a valid address in India.
  • Date of birth proof: Birth certificate or any other official document verifying the individual's date of birth.

Please note that specific requirements may vary depending on individual circumstances and the nature of financial activities. It is advisable to consult the official guidelines or seek professional advice for accurate and up-to-date information.

Documents required for PAN card application

Proof of Identity

  • Individuals: Aadhaar card, voter ID, driving licence, passport, or a government-issued ID card with a photograph.
  • HUFs: An affidavit by the Karta with details of the family members.
  • Companies: Certificate of incorporation issued by the Registrar of Companies.
  • Partnership Firms: Partnership deed.

Proof of Address

  • Individuals: Aadhaar card, voter ID, driving licence, passport, utility bills (electricity, water, gas), or a domicile certificate.
  • HUFs: An affidavit by the Karta including the family’s address.
  • Companies: Registered office address proof, such as a utility bill, bank statement, or certificate of incorporation.
  • Partnership Firms: Partnership deed showing the firm’s address.

Proof of Date of Birth (for individuals)

Birth certificate, school leaving certificate, matriculation certificate, passport, Aadhaar card, or any government-issued document that includes the date of birth.

Additional documents for specific entities

  • Trusts: Trust deed or certificate of registration number issued by Charity Commissioner.
  •     Associations, AOPs, BOIs, and local authorities: Agreement or certificate of registration number issued by the competent authority.

These documents must be self-attested and submitted along with the PAN card application form. Once the application and documents are verified, the PAN card is issued, facilitating a wide range of financial transactions and tax-related activities within India.

Key benefits of a PAN card

  • Tax compliance: Necessary for filing income tax returns.
  • Identification: Serves as a reliable proof of identity.
  • Financial services: Required for opening bank accounts, depository accounts, and applying for credit cards or loans.
  • Property transactions: Mandated for property purchases or sales exceeding Rs. 5 lakh.
  • Large payments: Essential for payments exceeding Rs. 25,000 to restaurants or Rs. 50,000 for bank deposits or investments.
  • Vehicle transactions: Required for buying or selling automobiles (excluding two-wheelers).

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

Can a 17 year old apply for a PAN card?
Minors cannot apply for a PAN card directly. Parents, guardians, or representative assessees must apply on their behalf. The application for a minor PAN card can be done either online or offline.
Who can not apply for PAN card?
Obtaining a PAN card is not mandatory for minors who can use their parent's or guardian's PAN, Non-Resident Indians (NRIs) for certain transactions, and individuals without taxable income who can use Form 60 for transactions like buying mutual funds. Anyone not meeting the eligibility criteria, including age and other factors, cannot qualify for a PAN card.Top of FormBottom of Form
Can a student get a PAN card?
Yes, a student can apply for a PAN card. If under 18, they can apply as a minor with the help of a parent or guardian. If 18 or older, they can apply as a regular adult. The application process can be completed online or offline.
If a person wants to apply for a new PAN card, then is it necessary to destroy the old PAN card?

It is prohibited to possess multiple Permanent Account Numbers (PANs). A PAN, once issued, remains valid indefinitely. Individuals who have been assigned a PAN are not required to reapply. However, if a person desires a new, tamper-proof PAN card or seeks to modify or correct their existing PAN details, they must surrender their old PAN card.

What is PAN card eligibility age?

In accordance with Section 160 of the Income Tax Act, there is no minimum age restriction for obtaining a Permanent Account Number (PAN) card. All Indian and foreign citizens, including minors, and entities are eligible to apply for a PAN card.

Do I have to be in India to apply for PAN card?

Yes, you generally need to be in India to apply for a PAN card. However, there are provisions for non-resident Indians to apply for PAN cards online or through authorised agents.

Is it possible for someone to apply for PAN card on behalf of a minor, lunatic, non-resident, or court of ward?

Yes, it is possible for someone to apply for a PAN card on behalf of a minor, lunatic, non-resident, or court of ward. The authorised representative will need to provide necessary documents and proof of their relationship or authority to act on behalf of the individual.

Show More Show Less

Related videos