PAN-Aadhaar linking Last Date Today, Check What Will Happen If You Miss?

The deadline for linking PAN (Permanent Account Number) and Aadhaar is today, June 30 and individuals are urged to complete the process to avoid potential consequences. The Government of India has made it mandatory for individuals to link their PAN card with their Aadhaar card to ensure seamless integration of financial and identification systems. Failure to comply with this requirement may result in penalties and difficulties in conducting financial transactions.

What fees or penalty is charged?

As per a recent notification by the revenue department of the Ministry of Finance, citizens have the option to link their Aadhaar card with their PAN online by paying a fee of Rs. 1000 before the deadline of June 30.

It is worth noting that Aadhaar-PAN linking was previously free until March 31, 2022. However, starting from April 1 last year, a fee of ₹500 was implemented, and subsequently raised to ₹1,000 from July 1, 2022.

What if you miss the PAN-Aadhaar linking deadline?

As per the Income Tax rules, individuals who have not linked their PAN cards with their Aadhaar cards by the required deadline will have their PAN cards declared inoperative starting from July 1, 2023. When a PAN card is inoperative:

• Such PANs will not be eligible for any sort of refunds.

• While the PAN remains inactive, no interest will be paid on such a refund.

• A higher rate would be used to deduct and collect TDS and TCS.

On the other hand, the PAN can be made operative once more in 30 days by notifying the appropriate authorities and paying a fee of Rs. 1000.

How to link PAN and Aadhaar with penalty fees?

• Visit https://www.incometax.gov.in/.

• Click Link Aadhar under the option to Link Aadhar to PAN in the Profile Section of the Dashboard.

• Enter your Aadhar Number and PAN.

• Select Continue to Pay Through e-Pay Tax from the menu.

• To receive an OTP, enter your PAN, validate your PAN, and mobile number.

• You will be taken to the e-Pay Tax website following OTP verification.

• On the Income Tax Tile, click Proceed.

• Choose the AY 2024-2025 and Other Receipts (500) as the type of payment, then click Continue.

• The appropriate amount will already be pre-filled under Others.

• Your Aadhaar number and PAN can be linked on the e-Filing Portal when the price has been paid.