The deadline for linking your Aadhaar with your PAN is quickly approaching - March 31st, 2023. It is important to note that the Aadhaar-PAN linking was free till 31 March 2022. After that, from 1 April 2022, a fee of Rs 500 was imposed till June 30, 2022 and now, it is increased to Rs 1000 till March 31, 2023.
If you do not link your PAN and Aadhaar, your PAN will be rendered inoperative starting from April 1st, 2023.
How to link PAN with Aadhaar Card ?
Prerequisites to link the Aadhaar card to the PAN card online:
- PAN Card Number
- Aadhaar Card number
- Register mobile number with Aadhaar
Now follow the below steps to link you PAN Card to your Aadhaar Card :
STEP 1 : Visit the Income Tax e-filing portal. Click on the ‘Link Aadhaar’ under the quick links on the homepage.
STEP 2 : Enter your PAN and Aadhaar number and click ‘Validate’.
STEP 3 : Click on Continue to Pay Through e-Pay Tax.
STEP 4 : After clicking on the previous option on the next screen you need to enter your PAN, Confirm your PAN, and any Mobile number to receive OTP
STEP 5 : After successfully verifying through mobile OTP click to continue to make the payment as you can see in the picture below.
STEP 6 : Click on Proceed on the Income Tax Tile
STEP 7 : Select Assessment Year (AY) (2023-24) and Type of Payment as “Other Receipts (500)” and Continue.
STEP 8 : The amount will be pre-filled against Others as you can see below picture then click on Continue.
After successfully completing all these above steps the challan will be generated on the next page select the mode of payment that will redirected you to the Bank website to make the payment.
How to link PAN to Aadhaar by SMS ?
The income tax department has urged taxpayers to link their Aadhaar with their PAN, using an SMS-based facility. It can be done by sending an SMS to either 567678 or 56161.
SMS: Send UID PAN → SPACE → 12 digit Aadhaar →Space →10 digit PAN to 567678 or 56161
For example: UID PAN 34512349891 CFIED1234J
Aadhaar-PAN Linking: Who Is Exempted?
A Few people are exempted from the compulsion of Aadhaar Card to PAN Card Linking. They do not need to link their PAN with their Aadhaar Card.
According to the 2017 notification released by the Central Board of Direct Taxes (CBDT), the Aadhaar-PAN linking requirement is not applicable to four kinds of people. They are as follows:
- Individuals who live in the states of Assam, Jammu and Kashmir, and Meghalaya
- People who are Non-Resident Indians (NRIs) as per the Income-tax Act, 1961
- Individuals who are eighty years or above at any time during the previous year.
- A person who is not a citizen of India.
If not link Aadhaar with PAN Card
As per Government of India it is mandatory to link your AADHAAR with PAN before 31st March 2022 for smooth & continuous investments.
If not linked, then:
- Your PAN will become inoperative.
- TDS deduction / TCS will attract a higher rate applicable to PAN not present.
- You may have difficulties in operating your Bank accounts.
