What is PAN 2.0 Project? How to and should you apply for it?

PAN or the Permanent Account Number is something that almost all the people in India need to keep their taxes sorted. Now, the government of India has introduced the Pan 2.0 project which will also include a QR code without any cost. The latest upgrade of PAN cards will be focused on making the registration processor and other stuff easier for taxpayers. In addition, the PAN 2.0 project aims to modify the digital infrastructure of the Income Tax Department.

Now, it is not necessary for the old PAN card holder to apply for the new one. The old users will also have an option to choose the new format. And the older version of PAN cards will also remain valid as the same has been confirmed by the government. However, from an accessibility and security point of view, applying for a new card will be a better option.

How to apply for PAN Card 2.0?

• Visit the official website of Income Tax Portal and then click on Instant e-PAN.
• Enter your Aadhaar number here and click on the continue button.
• Now, you will be redirected to the OTP validation page. Here you will be supposed to tick the checkbox and accept the terms and conditions.
• After that, enter the OTP received on your device and then again tap on continue.
• Fill the personal details required on the next page and then validate your email.
• After that, your registration will be successful and you will receive the confirmation message. Once the PAN number is allotted, you will get the same in your mail.

Note: All the new users registering for the PAN card will automatically get the PAN card 2.0. However, the old cardholder can choose to upgrade for the same at zero extra cost.