Introduction
A PAN Card is a crucial document for individuals residing or working in India. It is mandatory for taxpayers and is required for financial transactions. Without a PAN Card, individuals may face fines and penalties from the government. However, obtaining a PAN Card is affordable, as the government charges nominal fees for new applications and reprints. In this blog post, we will explore the charges for a new PAN Card application and for making changes or reissuing a PAN Card. Let’s get started!
PAN Card Fees for a New Application in India
For Indian residents, the PAN Card fee for a new application is Rs 101. This fee includes a processing fee of Rs 86 and 18% GST. To ensure consistency in application processing across the country, a uniform fee has been imposed. High-income taxpayers are given priority in new PAN Card applications.
PAN Fees for Change/Reprint in India
In situations where individuals lose or damage their PAN Card, or need to make changes to their details, they can apply for a reprint or change. The fee for a change or reprint is Rs 110, which includes 18% GST and a processing fee of Rs 93. This fee is applicable for communication addresses within India. Different rates apply for addresses outside of India.
PAN Card Fees for a New/Reprinted for Foreign Citizens
The Indian economy and industrial sector have attracted many foreign investors who are now looking to set up businesses in India. These individuals/entities must have a valid PAN Card for financial transactions in the country. The fee for issuing a new PAN Card to foreigners is Rs 1011, which includes an application fee and dispatch fee of Rs 857 and 18% GST. The fee for a reprint is Rs 1020, which includes dispatch charges of Rs 771 and an application fee of Rs 93, subject to 18% GST.
PAN Card Charges for e-PAN Card
With the introduction of the PAN Card portal, applicants now have the option to receive a digital copy of their PAN Card via email. The charges for applying for an e-PAN Card are as follows:
- Indian Address: Rs 56 + Rs 10.08 GST = Rs 66
- Overseas Address: Rs 56 + Rs 10.08 GST = Rs 66
Payment Modes for PAN Card Fees
The accepted modes of payment for PAN Card fees depend on the address type of the applicant:
- Indian Communication Address: Applicants with addresses in India can make payments using a credit card, debit card, demand draft, or net banking. Payments made with debit or credit cards will incur a 2% processing fee. Payment through net banking will attract a surcharge of Rs 4 + service tax.
- Overseas Address: Applicants with foreign addresses can make payments using debit or credit cards, as well as demand drafts. Payments made with debit or credit cards will attract a 2% processing fee + service tax. Conversion charges may also apply.
Who Can Make PAN Card Fees on Behalf of Others?
The government has made provisions for representative assessees to make PAN Card fee payments on behalf of others, depending on the type of applicant:
- Individuals: Individuals can make payments themselves or have their immediate family members make payments on their behalf.
- Hindu Undivided Families: Only the head of the family is authorized to make PAN Card fee payments.
- Firms/Companies: A partner or director of the firm/company can make payments for PAN Card fees.
- Associations/Trusts: Only the authorized signatory, as stated in the Income Tax Act, can make payments for associations of persons, trusts, local authorities, etc.
Frequently Asked Questions (FAQs)
Q: Is there any provision for a PAN Card refund?
A: In certain cases where the PAN application is rejected or fails to adhere to guidelines, there are no provisions for a refund. However, the applicant may apply for a new PAN Card.
Q: Are there any extra charges if I pay the PAN Card fee by credit card?
A: Yes, if you make a payment through a credit card, the bank will charge a 2% processing fee + service tax.
Q: Who can make PAN Card fee payment in a HUF?
A: Only the head of the family (Karta) is allowed to make payments on behalf of the family in a Hindu Undivided Family (HUF).
Q: What is the fee for an e-PAN Card?
A: The fee for an e-PAN Card is Rs 66.
Q: Are PAN Card applications subject to GST?
A: Yes, PAN Card payments are subject to 18% GST taxation for applications within India.
Conclusion:
Obtaining a PAN Card in India is essential for taxpayers, and the fees for new applications and reprints are reasonable. The government has implemented a uniform fee structure to ensure fairness and consistency. Different fees apply for foreign citizens. Applicants can also choose to receive an e-PAN Card via email. Various payment modes are available, depending on the applicant’s address type. It is important to follow the guidelines and provide accurate information to avoid application rejections. If you have any more questions about PAN Card fees, feel free to reach out and we’ll be happy to assist you!
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