PAN stands for Permanent Account Number issued by Income Tax Department under Income Tax Act, 1961. It is a unique 10-digit number which is printed on a laminated plastic card.
PAN is a uniquely identified number of persons assigned to Indians, mostly to those who pay tax. Through this method, all tax-related information of a person is recorded in a single PAN number which reacts as a primary key for storage of information.
The idea behind PAN is similar to the Social Security Number or SSN used in the United States. SSN in the US is a unique nine-digit number issued to all citizens of the US, permanent and temporary both. Although the primary aim for SSN creation was to track individuals for social security purposes, it has now become a primary identification number for taxation processes.
Paymoney Recharge provides service in which the peoples have a facility to generate online PAN Card. In today’s world, PAN Card is most required document to identify the individual user identity. It is a government authorized document so generating PAN card is a tough process. So through, Paymoney Recharge users to get an equipment to create online PAN Card.
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