Digital-Divide/D0/Introduction-to-PAN-Card/English-timed

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Time Narration
00:00 Welcome to the Spoken Tutorial on Introduction to PAN card
00:06 In this tutorial we will learn
00:08 -About PAN card
00:10 -Structure and Validation of PAN card
00:14 -Need for a PAN card and
00:16 -To know your PAN card
00:18 PAN stands for Permanent Account Number
00:23 This is how a PAN Card looks like.
00:28 It is a ten digit alphanumeric combination issued to all juristic entities
00:35 It is issued by the Indian Income Tax Department
00:40 The most important purpose of allotting PAN card is
00:44 For the purpose of identification and
00:48 To track all the monetary information of that entity.
00.53 Facts about pan card.
00.55 PAN is unique, national and permanent
01:00 It is unaffected by the change of address
01:03 It is illegal to own more than one PAN


01:07 Who all can get a PAN card?
01:10 Person
01:12 Company
01:15 HUF i.e Hindu Un-divided Family.
01:19 Trust and many other bodies


01:22 Why do we need a PAN card?
01:25 PAN card acts as an important photo-ID proof
01:30 PAN card helps in transactions like opening a bank account,
01:38 buying or selling of assets, etc.
01:43 Pan Card is used for accounting purposes on receivable taxable salary
01.50 Aids in filing of Income Tax Returns
01.53 Used as a documentary proof for opening DEMAT Account for share trading
01.59 It is used as a documentary proof for bank withdrawals exceeding Rs.50, 000


02:07 It is a tool that helps the IT Dept to keep a check over tax defaulters.
02:13 This is done by indirectly tracking their credit history.
02:18 Used as a documentary proof for availing TDS i.e (Tax Deductions at Source)


02:27 Documentary evidence to apply for passport,


02:31 address changes
02:32 and for obtaining other such relevant documents


02:40 For fixed deposits of more than Rs.50,000
02:47 Payment to hotel bills and travel expenses exceeding Rs.25,000
02:56 Application for issue of a credit card
03:05 Application of telephone connection
03:10 PAN structure is as follows
03:13 First five characters are letters, next 4 numerals, last character letter.
03:21 The first three letters are sequence of alphabets from AAA to ZZZ.
03.29 The fourth character informs about the type of the holder of the Card. Each assess is uniquely
03.36 P for Person
03.38 C for Company
03.41 H for HUF i.e Hindu Undivided Family
03.45 Ffor Firm
03.47 A for AOP i.e Association of Persons
03.51 T for Trust
03.53 B for BOI i.e Body of Individuals
03.57 L for Local Authority
04.01 J for Artificial Juridical Person and
04.05 G for Government
04:07 The fifth character of the PAN is
04:10 the first character of the surname or last name of the person, in the case of a "Personal" PAN card
04:18 In the image shown, the surname is Yadav. Therefore, the 5th character is Y. or
04:26 the name of the Entity/ Trust/ Society/ Organization in the case of Company/ HUF / Firm or any other types of PAN Cards.
04.38 In the image shown, the name of the trust is Shanoz.
04.42 Therefore, the 5th character is S.


04.46 The last character is an alphabetic check digit.


04.50 The Date of Issue of the PAN card is mentioned at the right (vertical) hand side of the PAN card.


04.59 You can verify or validate new and existing PAN numbers by visiting the following link:
05:10 Now let us summarize
05:12 In this tutorial we have learnt
05:15 -About PAN card
05:16 -Structure and Validation of PAN card
05.19 -Need for a PAN card and
05.21 -To know your PAN card


05.23 Watch the video available at the following link


05.27 It summarizes the Spoken Tutorial project


05.30 If you do not have good bandwidth, you can download and watch it



05:34 The Spoken Tutorial Project Team


05:36 • Conducts workshops using spoken tutorials


05:40 • Gives certificates for those who pass an online test
05:43 • For more details, please write to contact@spoken-tutorial.org



05:50 Spoken Tutorial Project is a part of the Talk to a Teacher project


05:54 It is supported by the National Mission on Education through ICT, MHRD, Government of India


06:01 More information on this Mission is available at http://spoken-tutorial.org/NMEICT-Intro
06:11 We have come to the end of this tutorial.


06:14 This is Arthi signing off from IIT Bombay


Thanks for Joining

Contributors and Content Editors

Gaurav, PoojaMoolya, Sandhya.np14, Sneha