How to Update Address in Pan Card Online and Offline

In India, the Permanent Account Number (PAN) is extremely important, not only for Income Tax purposes, but also as proof of identity. As a result, it is recommended that you correct any errors or inaccuracies in your PAN as soon as possible. You can update or change your name, date of birth, photograph, signature, father’s name, Aadhaar, gender, address, and contact information. let’s learn how to update your address in PAN Card online and offline.

What is PAN Card?

PAN stands for Permanent Account Number and is used to identify various taxpayers in the country. A Pan Card is a 10-digit unique identification alphanumeric number (containing both alphabets and numbers) given to Indians, primarily those who pay taxes.

Advantages of PAN Card-

• The most important time to obtain a PAN card is when filing an IT return.
• Because financial institutions deduct 20% more TDS on Rs.10000+ earned interest if your PAN is not quoted, having your PAN card can help you save on TDS.
• Linking your bank account to your PAN allows you to claim a refund if the TDS deducted exceeds the actual tax.
• The PAN card is a required form of identification when opening a new bank account.
• Purchasing and selling immovable assets such as real estate and automobiles worth more than Rs.10 lakh.
• Financial transactions exceeding Rs.50000 necessitate the production of the PAN card.
• If you want to invest in mutual funds, bonds, or stocks, you should know how to apply for a PAN card.

How to Update Address in PAN card Online?

• Go to https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html
• Select changes or correction in existing PAN Card under Application type
• Select category
• Enter your details
• Click on the check box
• Enter the captcha code and click the ‘Submit’ button to finish.
• Following completion of the preceding step, the address will be updated based on the information on the Aadhaar Card. You will also receive notifications via SMS and email.

How to update address in PAN Card offline?

• Download the request for New PAN Card or/and Changes or Corrections form https://www.protean-tinpan.com/downloads/pan/download/Request-for-New-PAN-Card-or-and-Changes-or-Correction-in-PAN-Data-Form.pdf
• Carefully fill out all of the form’s mandatory fields.
• Attach all required documents, such as proof of identity, proof of address, passport-size photographs, and so on.
• Once completed, submit the form to the nearest NSDL collection centre.
• Pay the fees for offline PAN card updates/corrections. Following that, you will be given a 15-digit acknowledgement number with which you can track the progress of your PAN card application.

Story first published: Sunday, November 13, 2022, 12:00 [IST]