India Approves ₹1,435 Crore PAN 2.0 Project to Modernize Taxpayer Services
The upgraded system will feature QR codes, a unified digital platform, and enhanced security, aligning with the Digital India initiative.
- The PAN 2.0 project will upgrade the existing Permanent Account Number system with a focus on digital transformation and eco-friendly processes.
- Existing PAN cards will remain valid, and upgraded e-PANs with QR codes will be issued automatically at no cost to users.
- The system will consolidate PAN and TAN services into a single, paperless platform, improving efficiency and grievance redressal.
- PAN will serve as a universal business identifier across specified government digital systems, enhancing data consistency and usability.
- The initiative, with a budget of ₹1,435 crore, aims to streamline taxpayer registration services and bolster cybersecurity measures.