If any person says that he or she is acquainted with the name of Pan Card, then there are two plausible explanations to it. Either he had been sleeping for more than 20 years or he suffers from short term memory loss. Let us just keep the jokes apart. The Pan Card is one of the most important documents that required by the any Indian citizen to prove his or her identity. Along with the Pan Card there are many other documents that can be used to prove the identity of the individual. But if we speak of precedence than we will find that the Pan Card finds itself at the top along with the cards like voter’s identity card, driver’s license, birth certificate, ration card, etc. The Pan card is issued directly by the Income Tax department of the Government of India. The Card provides unique and authentic identification of the card holder.
The Pan Card is a must have document for all individuals who are into the act of financial transactions that has some amount of Tax levied on it! The second group for whom a Pan Card is a must have are the ones who are going to enter the field of occupation that will make them eligible for the first condition. The majority of individuals who fall under this category are Students. The Income Tax Department of India will provide the people with a Pan Card who belongs to either of the two categories. The Income Tax Department will provide with a complete separate and distinct code for every holder of a Pan Card. This number given to them will be a key to a unique identity and records that are being held by the Card holder in the database of the Government of India.
Official Website : http://www.incometaxindia.gov.in/
The number that the Income Tax department provides as an Identification proof is an alphanumeric code that consists of 10 digits. All the characters and the digits in the Pan Card Number are arranged in a specific manner, which is used as a key to search for the information regarding the card holder. The first three characters are a random group of characters from ‘AAA’ to ‘ZZZ’. The next i.e. the fourth character can be P (Personal), F (Firm), C (Company), etc. The next character denotes the first letter of the Pan Card Holder’s surname. The Next four characters are codes that used to denote some sequence. And the last character is always K. This unique combination of code gives the Pan Card holder a complete distinct identity than others.