As per the Government of India, linking your Aadhaar number with your PAN (Permanent Account Number) card is mandatory. The process of linking your Aadhaar with PAN is simple and can be done online. In this article, we will discuss the step-by-step process of linking your Aadhaar with PAN and the importance of doing so. Also, check out how to create Flipkart Account.
The PAN-Aadhaar linking date has been extended from 31st June 2022 to 30th June 2024. The final day to link PAN and Aadhaar without paying a fine, however, was June 31, 2022. Now, a fine of Rs.1,000 must be paid for linking PAN-Aaadhaar.
Linking Aadhaar with PAN helps to prevent tax evasion, reduces the possibility of multiple PANs being issued in one name, and facilitates faster processing of tax returns. Additionally, it helps in simplifying various financial transactions such as applying for loans, opening bank accounts, and so on.
The process of linking Aadhaar with PAN is simple and can be done online through the income tax e-filing website. In case of any discrepancies in the details, the linking process cannot be completed online, and the individual needs to update their details on the Aadhaar or PAN portal, respectively. It is important to link your Aadhaar with PAN to avoid penalties and enjoy the benefits of Aadhaar-based e-KYC.
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Step-by-Step Process to Check Aadhaar with PAN Card Link Status:
Step 1 – Visit the official income tax e-filing website, https://www.incometax.gov.in/
Step 2 – Click on the ‘Link Aadhaar Status’ under the quick links on the homepage
Link Aadhaar PAN Online
Step 3 – Enter your PAN Number & Aadhaar Card Number and click ‘View Link Aadhaar Status’.
Step 4 – If your PAN & Aadhaar are not linked, you will be shown a pop-up like below. You can follow these steps to link them. In case, your PAN is already linked. You don’t need to worry about it anymore.
Step 5 – If your PAN & Aadhaar are not linked, you can follow our below step-by-step guide.
How to link your PAN to your Aadhaar?
There are lots of methods available on the Internet to link PAN to your Aadhaar. Check out some of the easiest methods below.
Method 1 – Linking of Aadhaar Number and PAN via SMS
Yes, you heard it right. You can now easily link your Aadhaar number and PAN just with an SMS. It can be done by sending an SMS to either 567678 or 56161. Send an SMS to 567678 or 56161 from your registered mobile number in the following format:
UIDPAN<SPACE><12 digit Aadhaar><Space><10 digit PAN>
Example: UIDPAN 123456789123 AKPLXXXXX
This above method is one of the easiest methods you can do via SMS. Check out some other methods below-
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Method 2: Linking of PAN Number & Aadhaar via IncomeTax Website
Step 1 – First of all, open the Income tax filing portal
Step 2 – Under quick links, click on the ‘Link Aadhaar’ tab.
Step 3 – Enter your PAN Number & Aadhaar Number & Click on Validate
Step 4 – On the Next Page, click on Continue to Pay Through e-Pay Tax.
Step 5 – Enter your PAN, Confirm PAN, and any Mobile number to receive OTP
Step 6 – OTP verification, you will be redirected to the e-Pay Tax page.
Step 7 – Click on Proceed on the Income Tax Tile.
Step 8 – Select AY (2024-24) and Type of Payment as Other Receipts (500) and Continue.
Step 9 – Applicable amount will be pre-filled against Others and click Continue.
Now, a challan will be generated. On the next screen, you have to select the mode of payment after selecting the mode of payment you will be redirected to the Bank website where you can make the payment.
Importance of Linking Aadhaar with PAN:
Linking your Aadhaar number with your PAN card is important for several reasons:
- Prevents Tax Evasion: Linking your Aadhaar with PAN helps to prevent tax evasion, as it reduces the possibility of multiple PANs being issued in one name.
- Facilitates Faster Processing of Returns: Linking your Aadhaar with PAN facilitates faster processing of your tax returns. It helps in eliminating errors, leading to quicker processing and refunds.
- Avoids Penalties: Failure to link your Aadhaar with PAN can attract penalties up to INR 1,000. Therefore, it is important to link your Aadhaar with PAN to avoid such penalties.
- Eases Transactions: Aadhaar-based e-KYC (Know Your Customer) has made it easier to complete transactions online. Linking your Aadhaar with PAN can simplify various financial transactions such as applying for loans, opening bank accounts, and so on.
Conclusion:
Linking your Aadhaar with PAN is a simple process that can be done online. It is mandatory and offers several benefits, including preventing tax evasion, faster processing of returns, avoiding penalties, and easing transactions. By following the step-by-step process mentioned above, you can easily link your Aadhaar with PAN and enjoy these benefits.