PAN, or permanent account number, is a special 10-digit code given to every taxpayer by the Income Tax Department and managed by the Central Board of Direct Taxes.
It also works as proof of identity. PAN is needed for money activities like earning taxable salary or professional fees, buying or selling assets above set limits, buying mutual funds, and more.
The main purpose of PAN is to create a unique ID to track money transactions that may have taxes, to stop tax evasion. The PAN number stays the same even if you move anywhere in India.
This blog will talk about the main benefits of becoming a PAN card service provider in India. It will also show how NobleWebStudio gives agents the right tools and technology to succeed in this business. Whether you are a person, a small business owner, or a startup, becoming a PAN card service provider can be a good and rewarding business.
What is a PAN Card Service Provider?
The PAN Card Services website by UTI Infrastructure Technology And Services Limited (UTIITSL) helps people apply online for new PAN cards, make corrections or updates, get reprints, and download e-PAN cards. It gives tools to track the application status, link PAN with Aadhaar, and update address details using eKYC. The website also offers guidelines, FAQs, and customer support for PAN questions, making the services easy and helpful for both individuals and businesses.
PAN card service providers help with:
- New PAN card applications
- PAN card corrections or updates
- PAN card reprints or duplicate requests
By offering this service, providers make the process easier for customers who may not be familiar with government portals or prefer offline assistance.
Why is the PAN Card Important in India?
PAN card works as a legal identity proof and shows your photo for different purposes, like getting a gas connection and opening a bank account. Banking: You need a PAN card to open a bank account and for other banking-related money activities. It is now needed to help stop fraud and money laundering.
Here are some important reasons why you should get a PAN card:
PAN card works as legal identity proof and shows your photo for many purposes, like getting a gas connection and opening a bank account.
Banking: You need a PAN card to open a bank account and for other banking money activities. It is now needed to stop fraud and money laundering. If you deposit more than Rs. 50,000 in cash daily, you must give your PAN card details. Fixed deposits over Rs. 50,000 also need PAN card details.
Debit/credit card applications: You must provide PAN details when applying for debit or credit cards. If your application is rejected because of missing PAN details or other reasons, it can hurt your credit score.
Loan applications: All kinds of loan applications need PAN card details.
Buying or selling property: If the property value is more than Rs. 5 lakhs, both buyer and seller must give PAN card details by law. For joint ownership, all owners’ PAN numbers are needed.
Buying jewellery: You must give PAN details when buying jewellery or gold worth more than Rs. 5 lakhs.
Post office deposits: Opening post office deposits over Rs. 50,000 also needs PAN details.
Payment wallets: Digital wallets require PAN details if monthly transactions go over Rs. 20,000.
Buying vehicles: Except two-wheelers, you need PAN details to buy or sell vehicles.
Trading shares: You must give PAN details to brokers, Demat, and trading accounts.
Mutual funds: PAN is also needed to invest in bonds, debentures, or mutual funds.
Insurance premiums: If your insurance payments go over Rs. 50,000 in a year, you must give PAN details.
Foreign currency exchange: You need PAN details when exchanging local money for foreign currency.
Jobs: Most workplaces ask for your PAN card for salary and tax purposes. It is also needed when filing income tax returns.
Read Blog : What is PAN Card API Integration and Why Your Business Needs It
The Growing Demand for PAN Card Services
The demand for PAN card services is always high because it is very important for many financial and tax activities in India. A PAN card is a unique number given to individuals and companies in the Indian tax system. It helps keep track of income and transactions. It is also required for many financial works like opening bank accounts, making investments, and doing big money transactions.
Here is a closer look at why PAN cards are needed:
- Financial Transactions:
- Bank Accounts: You need a PAN card to open and use bank accounts.
- Investments: It is needed to invest in things like mutual funds and stocks.
- High-Value Transactions: PAN cards are required for big transactions like selling property, buying vehicles, and other expensive assets.
- Tax Compliance:
- Income Tax Returns: A PAN is needed to file income tax returns and connect your tax details with the Income Tax Department.
- TDS/TCS: It is important to claim TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) credits.
- Identity Verification:
- Legal Identity: PAN card is proof of identity for many things like getting gas connections.
- Other Documents: It is also needed for many other legal and financial papers.
- Online and Offline Services:
- Online Applications: You can apply for a PAN card on the Income Tax Department website, including an “Instant e-PAN” that uses your Aadhaar number to make a digital PAN card.
- Offline Applications: You can also apply for a PAN card by visiting PAN service centers in person.
- Correction and Reprint: If needed, you can correct or reprint your PAN card through online or offline methods.
- Importance of PAN Card:
Financial Integrity: PAN card helps keep financial transactions honest by making it easy to check and track them.
Tracking Transactions: PAN helps the Income Tax Department link all your money transactions.
Tax Compliance: It helps in collecting the right tax and stops tax evasion.
Read Blog : Features of a Reliable PAN Card Service Provider
Top Benefits of Becoming a PAN Card Service Provider
A PAN card has many benefits for individuals and companies. Here are the main advantages:
- Tax Deductions: One important benefit of a PAN card is for taxes. If you don’t link your PAN with your bank account and you earn more than Rs. 10,000 in interest, the bank will deduct 30% tax instead of 10%.
- Starting a Business: The Indian Government made PAN mandatory for companies in 2010. Companies need a PAN to get their Tax Registration Number (TRN). Many eCommerce sites require TRN for companies to sell products.
- Claiming Refunds from Income Tax: You must file income tax returns every year. If you paid more tax than needed, you can get a refund, but only if your PAN is linked with your bank account.
- Buying a Car: A PAN card is needed when buying or selling a four-wheeler. It is also needed if you take a loan to buy a car. For second-hand cars, PAN is not needed now, but this may change soon.
- Opening a Bank/Demat Account: You can’t open a bank account without a PAN card, except for zero balance accounts under the Jan Dhan Yojna, where Voter ID or Ration Card is accepted. You need a PAN card to open a Demat account for holding shares electronically.
- Making Investments, Buying RBI Bonds/Insurance: To invest legally, you need to complete KYC by submitting PAN and address proof. Investing Rs. 50,000 or more in RBI bonds also requires a PAN card.
- Purchasing Foreign Currency: If you buy foreign currency above Rs. 50,000, you must have a PAN card as per Foreign Exchange rules.
- Transaction of Securities: For buying or selling securities over Rs. 1 lakh, a PAN card is needed. This includes listed and unlisted shares, bonds, and debentures.
- Bank Drafts, Pay Orders, Cash Deposits: PAN is required for making bank drafts, pay orders, or cash deposits above Rs. 50,000, even in your own account.
- Sale/Purchase of Property: If you buy or sell property worth more than Rs. 10 lakhs, you must provide your PAN details.
How NobleWebStudio Supports PAN Card Service Providers
User-Friendly PAN Card Application Software
NobleWebStudio provides a simple and intuitive platform for service providers to manage PAN card applications easily, even without technical expertise.
Instant E-KYC and Verification Services
The platform supports instant electronic Know Your Customer (e-KYC) processes, reducing turnaround time and errors during verification.
Seamless API Integration for Faster Processing
NobleWebStudio API integration connects directly with government systems, allowing real-time submission and tracking of PAN card applications.
Real-Time Status Updates and Notifications
Service providers and customers receive timely notifications about application progress, ensuring transparency and trust.
Dedicated Customer Support
NobleWebStudio offers 24/7 technical support to help providers resolve issues quickly and keep their business running smoothly.
Read Blog : The Future of PAN Card Portals: Key Trends & Emerging Innovations
Steps to Become a Successful PAN Card Service Provider with NobleWebStudio
To apply for a PAN card through a PAN card service provider, you usually need to find a trusted agent first. After that, you follow the steps of the application process.
Find an Authorized PAN Card Service Provider:
- Application Process:
Visit the website: Go to the website Noble Web Studio of the service provider.
Select application type: Pick the right application type (for example, “New PAN,” “Change or Correction,” etc.).
Fill the application form: Enter all needed details like your name, address, date of birth, and other information.
Submit documents: Give the necessary documents as proof of your identity, address, and date of birth (such as Aadhaar card, passport, voter ID, etc.).
Make payment: Pay the fee required for the PAN card application.
Track your application: Noble web studio provider team check the status of your PAN card application online.
Receive PAN card: The PAN card will be sent to the address you gave. - Important Things to Know:
e-PAN:
You can apply for an e-PAN, which is a digital version of your PAN card that you can download.
e-KYC:
Noble web studio provider offer e-KYC, which means you can verify your identity online.
e-Sign:
You might need to e-sign your application.
Fees:
Know about the PAN card fees you need to pay for the related services.
Timeline:
Usually, it takes about 15 days to get your PAN card after applying. - Specific Service Providers:
UTIITSL:
One authorized entity that provides online and offline PAN card application services.
Noble web studio:
A service provider that handles PAN card requests for UTIITSL and offers different PAN-related services. - Tracking your PAN Card:
India Post:
You can track your PAN card delivery on the India Post website since they deliver the card.
Service Provider Website:
Noble web studio best pan card service provider also have tracking tools on their websites to check your application status.
Conclusion
Becoming a PAN Card service provider in India is a promising business opportunity with many benefits like steady income, low investment, flexible working, and government backing. With the support of NobleWebStudio’s advanced software solutions and dedicated support, you can start and grow your PAN card service business effortlessly.
If you’re ready to tap into this thriving market, partner with NobleWebStudio today and get all the tools and assistance needed to succeed as a PAN Card service provider.
FAQs — Top Benefits of PAN Card Service Provider in India
A1: A PAN card service provider is a company or platform that assists individuals and businesses with PAN card application, verification, and related services, simplifying the process and ensuring timely delivery.
A2: Professional service providers help reduce errors, speed up processing time, provide expert guidance on documentation, and ensure compliance with government regulations.
A3: Benefits include hassle-free application, faster processing, expert support, document security, online status tracking, and assistance with corrections or updates.
A4: NobleWebStudio offers a secure, user-friendly platform with dedicated customer support, quick processing, and end-to-end assistance, making PAN card services smooth and reliable.
A5: Yes, reputable providers assist with all types of PAN card modifications, including name, address, or other detail updates, ensuring seamless compliance with official norms.
A6: Trusted providers like NobleWebStudio follow strict data security protocols and comply with government guidelines to protect your personal information throughout the application process.