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Business News » Personal Finance News

PAN-Aadhaar linking not done yet? Be ready to pay double penalty after 2 days or check how to link now

Pan-Aadhaar Link: The deadline for linking the PAN-Aadhaar card by paying less penalty is approaching soon. The last date is June 30, 2022. If you are one of those who have not yet linked your PAN card with your Aadhaar card, then there are only two days left to do so with a penalty fee of Rs 500. From July 1, the penalty will be double i.e Rs 1000.

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PAN-Aadhaar linking not done yet? Be ready to pay double penalty after 2 days or check how to link now
The government makes it mandatory for every citizen of the country to link his PAN with Aadhaar. Pic: Pixabay

Pan-Aadhaar Link: The deadline for linking the PAN-Aadhaar card by paying less penalty is approaching soon. The last date is June 30, 2022. If you are one of those who have not yet linked your PAN card with your Aadhaar card, then there are only two days left to do so with a penalty fee of Rs 500. From July 1, the penalty will be double i.e Rs 1000.

We all know that the government makes it mandatory for every citizen of the country to link his PAN with Aadhaar. According to the Central Board of Direct Taxes, as per Section 234H of the Income Tax Act, those who do not link Aadhaar-PAN by March 31, 2022, will have a chance to link it with fine till March 31, 2023.

The actual deadline to combine these two without any penalty was March 31, 2022. After this time limit, the government imposed the penalty fee to Rs 500 for the first three months and the fee will get double after June 30, 2022.

If you don't want to pay the double penalty, follow the steps given below and link your PAN-Aadhaar yourself.

Pan-Aadhar Link: How to Link Aadhaar with PAN Card?
Step 1: Visit the Income Tax e-filing website - https://www.incometax.gov.in/.
Step 2: Find the option of 'Quick Links', available on the left side of the homepage page.
Step 3: Click on the 'Link Aadhaar' option.
Step 4: Enter the required details - PAN card number, Aadhar number and name.
Step 5: After giving this information, an OTP will be sent to you.
Step 6: Entering the OTP,
Step 7: Your Aadhaar and PAN will be linked.

Note: Keep in mind that the Income Tax Department crosschecks your details whether your Aadhaar and PAN information is valid or not.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Personal FinancePAN cardAadhaar CardPAN Aadhaar linkAadhaar-PAN LinkCentral Board of Direct Taxes (CBDT)
Written By: ZeeBiz WebTeam
Edited By: Prashant V. Singh
Updated: Wed, Jun 29, 2022
08:14 pm
ZeeBiz WebDesk
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