What is a Permanent Account Number or PAN?

Everybody cleared the confusion about what a PAN card is, who issues it, and what its use is. I will tell you what the alphabets on your PAN card mean. Okay, so the first three characters are nothing but random alphabets. The fourth character identifies the status of the PAN cardholder, so if it's written P, then it stands for individuals like me, F stands for a Firm, A stands for AOP, C stands for a Company, H stands for HUF, and T stands for trust. The fifth character is the first letter of the PAN holder's last name. The next four characters are unique sequential numbers starting from 0001 to 9999. The last character is an alphabetic check digit.

That is a very easy question. A PAN or Permanent Account Number is a vital document that has ten unique alphanumeric characters. It acts as an important identity proof and is also issued to foreign nationals. A PAN card is also important for filing income tax returns. It is linked under the section on 139A of the Income Tax Act by the Income Tax Department under the supervision of the Central Board for Direct Taxes (CBDT).

The PAN card has a 10-alphanumeric identifier, issued in the form of a laminated card. The first three characters of the PAN card identifier are alphabets, the fourth character represents the status of the PAN cardholder, the fifth character represents the first character of the PAN holder's surname, the next four characters are numbers running from 0001 to 9999, and the last character is an alphabetic check digit.

Any person who files their income tax returns needs to have a PAN card. The Income Tax Department records every tax-related transaction and information of a person through his/her unique Permanent Account Number. A PAN number would typically look something like AHISH4567F.