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


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Contributors and Content Editors

Gaurav, PoojaMoolya, Sandhya.np14, Sneha