What is the benefit of PAN card with QR code?
According to media reports, this is a kind of upgraded, which aims to give better digital experience to the country’s taxpayers. Particularly an integrated PAN, tin and tan numbers are to be integrated as a common business dentifier.
Will everyone’s PAN cards be replaced?
Yes! After the government’s decision, all those old PAN cards will be replaced, which do not have QR code. For individuals, the government has been releasing a PAN card with QR code for a few years, but still people do not have PAN cards with QR code.
Will PAN card number also change
No, what is your PAN card number right now will not change. The old number will be valid. Everyone has to make a new PAN card.
Will you have to pay to make a new PAN card?
The government says that the new PAN card will be made for free. The one who already has a PAN card will not have to pay any fee. This will be delivered for free on your address.
The government claims that the data of users in the new PAN card will be completely safe. The government will spend around Rs 1435 crore on this entire project. PAN cards are being issued in the country since 1972. So far, more than 78 crore PAN cards have been issued. It is a unique identity proof with 10 numbers. With its help, people deposit their tax.