PAN process

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5 Reasons to opt for PAN Application

Here are the major reasons why people opt for this service:

 
 

Do I need a PAN?

You need a PAN to:

  • File IT returns
  • Open a bank account
  • Apply for a debit or credit card
  • Apply for a loan
  • Open a fixed deposit
  • For insurance payments

01

Proof of identity

 

02

Ease on tax deductions

 

03

Necessary to claim a tax refund

04

Foreign travels, hotel bills, purchase of goods and services etc all above Rs. 50000 need a PAN card

05

PAN is mandatory for filing ITR. Deductees without PAN are subject to a higher rate of TDS.

 

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