Finance Minister officially launched the instant PAN (Permanent Account Number) facility on 28th May which makes getting a new PAN card free of cost and in under 10 minutes.
Instant e-PAN facility:
The instant PAN facility is a real-time basis, paperless facility. According to the income tax department, the turn-around time for allotting the e-PAN facility is 10 minutes. The pre-requisite to use this facility to generate an e-PAN card is a valid Aadhar card number and a phone number registered with the Aadhar card. And this process is free of cost.
Steps to get a new e-PAN
Step 1: Go to https://www.incometaxindiaefiling.gov.in/home
Step 2: Select “Get New PAN”
Step 3: Fill in the details
Step 4: OTP will be generated after step 3. Enter the OTP and validate your Aadhar card details.
Step 5: A 15-digit acknowledgment number will be generated and once the e-PAN number is allotted, the e-PAN will be available to download. Also, if your email is registered with Aadhar card, e-PAN will also be sent to your email.