PAN Card Alert: Avoid This Mistake to Prevent ₹10,000 Fine

A PAN card is more than just a government-issued identity document - it’s a legal necessity for financial transactions in India. But did you know that holding more than one PAN card is a punishable offence? Under Section 272B of the Income Tax Act, anyone possessing multiple PAN cards may face a hefty fine of ₹10,000. To avoid this, it’s crucial to surrender extra PAN cards immediately.

In this guide, we explain how to surrender your PAN card online and offline, ensuring you stay compliant with the law.

Why Surrendering a PAN Card Is Important

Having multiple PAN cards is illegal and can lead to financial penalties. Additionally, it may cause complications in filing taxes, banking transactions, and other financial activities. Even in the case of a person’s death, deactivating their PAN card is important for security and financial management.

Surrendering your PAN card ensures your profile is updated in the Income Tax Department records and prevents future legal or financial problems.

How to Surrender PAN Card Online

The online process is convenient and can be completed from your home. Follow these steps:

1. Visit the NSDL portal: NSDL PAN Services
2. Select Application Type: Choose “Changes or Correction in existing PAN data”.
3. Fill in Personal Details: Enter your category, name, mobile number, and submit.
4. Receive Token Number: A token will be emailed to you. Keep it safe.
5. Continue Application: Scan necessary documents and enter your personal details.
6. Select PAN Cards to Cancel: Tick the boxes for the cards you wish to surrender.
7. Upload Documents: Provide a copy of your date of birth proof, address proof, and PAN card.
8. Make Payment: Complete the process using debit/credit card or net banking.
9. Get Payment Slip: A successful payment generates a slip confirming the surrender.

Following these steps ensures your PAN card is deactivated without hassle.

How to Surrender PAN Card Offline

If you prefer a physical process, follow the offline method:

1. Obtain the Form: Collect it from the nearest PAN card centre or download from Income Tax Website.
2. Fill the Details: Include the PAN card number to be surrendered.
3. Attach Documents: Submit date of birth proof, address proof, and the PAN card.
4. Submit the Form: Hand over the completed form to the PAN centre.
5. Receive Submission Slip: Your PAN card will be blocked within 10–15 days.

This method is ideal for those without internet access or for seniors who prefer offline procedures.

Key Takeaways

• Multiple PAN cards are illegal and can attract a fine of ₹10,000.
• Surrendering PAN cards can be done online or offline.
• Keep all documents ready to make the process smooth.
• Deactivating PAN cards after a person’s death is crucial for financial security.