PAN 2.0: Government is bringing a new PAN card with QR code; Know how it will be made and how much will be the charge..

The central government has approved the PAN 2.0 project of the Income Tax Department. Now people will soon get a new PAN card with a QR code facility, which will be according to the government's ambitious campaign Digital India.

In such a situation, many questions arise in the minds of the people. Such as what is a PAN card, how is a PAN card made, what will happen to the old PAN card now, why is a new PAN card being made, and will any fee has to be paid for it. Let's know the answer to these questions.

What is a PAN card?

Permanent Account Number (PAN) is issued by the Income Tax Department. It is mostly used for financial work. Such as paying income tax, opening a bank account, or buying property. PAN card is a 10-digit number, in which all the information related to your financial transactions is recorded. Such as how much you have, how much tax you pay etc. It also contains complete information related to your investment.

Why is the government bringing a new PAN card?

The central government has talked about introducing PAN 2.0 for PAN upgrade. According to Union Minister Ashwini Vaishnav, the PAN 2.0 project is an e-governance initiative aimed at making the use of PAN easy and secure, from PAN authentication to PAN. He said that the software operating the PAN card is 15-20 years old, and needs to be upgraded. Through PAN 2.0, the government wants to give a better digital experience to the taxpayers.

How to get a new PAN card?

If you already have a PAN card, then you do not need to do anything. You will get a new PAN card. You will not have to pay any fee for this. It will be delivered to your address. However, if you do not have a PAN card, then you will have to apply for a digital or physical PAN card.

What will be new in the new PAN card?

The new PAN card will have features like a QR code (QR code PAN card), which will improve the user experience. The government aims to make the PAN 2.0 project more useful under Digital India. It can also play an important role in taking advantage of government schemes. This is the reason why the government is putting a lot of emphasis on linking PAN and Aadhaar.

How to make a PAN card?

Talking about PAN cards, it is also as important a document as an Aadhaar card. Especially, in financial matters, its importance becomes more than an Aadhaar card. You can get it made in both physical and digital ways.