Applying for a new PAN card and confused about the PAN card fees or charges? Well, it is not an expensive affair, and the process of doing so is straightforward, too.
What is a PAN Card? Why is PAN Mandatory?
A PAN card, or Permanent Account Number card, is a critical document in India. Using a PAN card, you can verify your identity, contribute to curb tax evasion, and help the government maintain a transparent financial system.
It is mandatory for you to have a PAN card if you are involved in any economic activities in India, as quoted by Rule 114B of the Indian Tax Rules.
Unfortunately, some individuals, either knowingly or unknowingly, engage in financial dealings without a PAN, violating this very law. Hence, they end up getting trapped in penalties.
PAN Card Charges to get New PAN Card
So, you need a new PAN card. What is it going to cost you to get one?
Applying for a new PAN card in India is convenient and efficient. You can apply through the official portals operated by Protean (formerly NSDL e-Gov) or UTIITSL. Here's what you need to know about the fees:
In the past, there had been some confusion about the PAN card fees. However, the government has now standardized the fees for all applications within an Indian communication address. Although there's a fixed fee for applications, the final amount might slightly differ based on the payment method you select. If you're a citizen residing outside India, you can expect higher charges.
PAN Card Price for Indian Communication Address
Applicants residing within the country need to pay a fee of ₹101. This PAN card fee includes a processing charge of ₹86 plus a GST of 18%.
Any individual or non-individual entity of the income-earning profile must possess a PAN card. PAN cards will allow you to simplify your financial transactions and benefit from the subsidies allowed by the government.
PAN Card Fees for Indian Citizens with Foreign Communication Address
For Indian citizens having foreign communication addresses, charges for a physical PAN card would be ₹1,011, including GST.
You can make the payment via credit/debit card, demand draft, or net banking. However, as per RBI guidelines, a PIN is required for online transactions, so be sure to have this information ready. After your application and payment are accepted, you'll need to courier your supporting documents to the respective agency for your application to be processed further.
PAN Card Fees for Issuing e-PAN Card
The Income Tax Department recognizes e-PAN as valid proof of PAN. The fee for this service is ₹50, including all taxes for those with an Indian communication address, and ₹959 (inclusive of taxes) for those with a foreign address. The best part? There's no need to submit a new application form or any supporting documents.
If you already have a PAN allotted but need the physical card, you can request a reissue without any changes to your existing details. This process is simple and can be done entirely online if your latest PAN application was processed through Protean or the Income Tax Department's e-filing portal.
PAN Card Fees for Reprint/Changes inin India
You can reprint your PAN card if you have misplaced it or need to update some details. For a reprint or to make changes if your communication address is within India, the fee is just ₹110 (this includes a processing fee of ₹93 plus 18% Goods & Service tax). For those residing abroad, different rates apply, so be sure to check the specific fees based on your location.
PAN Card Fees Reprint/Changes in Individuals Residing Abroad
1. For a fresh PAN application, you'll be charged ₹1,011. This includes the application and dispatch fees of ₹857, along with an 18% GST.
2. If you're looking to get a reprint or make changes to an existing PAN card, the fee stands at ₹1,020. This consists of a ₹93 application fee, ₹771 for dispatch and an added 18% GST.
Modes of Payment for PAN Charges in 2024
Paying for your PAN fees or charges is flexible, depending on your communication address:
Within India:
- Payment options include Credit/Debit cards, Demand Drafts, or Net Banking.
- Note: Credit/Debit card payments attract an extra charge of up to 2% (plus applicable taxes), and Net Banking comes with a surcharge of ₹4 plus service tax.
- Demand Drafts should be in favor of "NSDL PAN," payable at Mumbai.
PAN Prices Payment Modes Outside India:
- You can pay via Credit/Debit card or Demand Drafts.
- Additional charges apply for card payments, and you may also face conversion or exchange fees.
- Demand Drafts should be drawn in favor of "NSDL - PAN" and are payable only in Mumbai.
What are the PAN card correction fees if I need to update details on my card?
If you need to make corrections to your PAN card details, the standard fee is ₹110 for communication addresses within India. This fee covers the processing cost and the 18% GST.
How much is the application fee for a PAN card?
The application fee for a PAN card issued by the Income Tax Department of India is ₹101 (including processing charge of ₹86 & 18% GST) for Indian communication addresses and ₹1,011 for citizens residing in foreign addresses (including GST).
How much is the PAN card price for applicants outside of India?
For applicants with communication addresses outside India, the PAN card price is higher due to additional dispatch charges. The total cost comes to ₹1,011 for new applications and ₹1,020 for reprints or changes, inclusive of Goods & Services Tax.
How do I get a new PAN card if I've lost mine?
If you've lost your PAN card, you can apply for a reprint through the official Protean or UTITSL websites. The process is straightforward and requires you to provide your existing PAN number and pay the applicable fee.
Is there a way to check the PAN card fees before applying?
Absolutely! You can check the PAN card fees on the official websites of Protean and UTITSL or at a nearby PAN application center. The fees may vary slightly depending on your communication address and any additional services you opt for.
Are new PAN card fees higher for foreign nationals?
Yes, new PAN card fees are higher for applicants applying from outside India due to additional dispatch charges. The exact fees are listed on the official PAN application portals.
What's the procedure to recover a lost PAN with new PAN card charges?
If you've lost your PAN card, you can apply for a duplicate card online through the official PAN portals. New PAN card charges for a reprint are the same as applying for a new card, and you'll need to provide identity proof and a copy of the FIR if it's lost.