PERMANENT ACCOUNT NUMBER (PAN)

WHAT IS PAN ?

• PAN  stands  for  PERMANENT  ACCOUNT  NUMBER.
• It is a ten digit unique alphanumeric identification  number .
• It is issued by income tax department  under Indian Income Tax Act, 1961 .

BLG………D(illustrative example)

• Out of first five characters, FIRST THREE characters represents the alphabetic series running from AAA TO ZZZ.

BLGP………D (illustrative example)

• The FOURTH character of PAN represents the status of the PAN holder.

1. “P” STANDS FOR INDIVIDUAL.
2. “C” STANDS FOR COMPANY .
3. “H”  STANDS FOR HINDU UNDIVIDED FAMILY.
4. “A” STANDS FOR ASSOCIATION OF PERSONS .
5. “B” BODY OF INDIVIDUALS.
6. “G” STANDS FOR GOVERNMENT AGENCIES.
7. “J” STANDS FOR ARTIFICIAL JURDICIAL PERSON.
8. “L” STANDS FOR LOCAL AUTHORITY.
9. “E” STANDS FOR LIMITED LIABILITY PATNERSHIP.
10. “F” STANDS FOR FIRM.
11. “T” STANDS FOR TRUST.

BLGPS…….D(illustrative example)

• FIFTH character of PAN represents the first character of the PAN holder’s last name or surname.

BLGPS XXXX D (illustrative example)

• NEXT FOUR characters are sequentials numbers running from 0001 to 9999.

BLGPS XXXX D (illustrative example)

• The LAST CHARACTER the tenth character is an alphabetic check digit.

-NIHARIKA