The CCEA has given its approval for the PAN 2.0 Project of the Income Tax Department.
PAN 2.0 is an upgraded version of the current PAN/TAN ecosystem.
One of the exciting features of PAN 2.0 is the introduction of QR codes on PAN cards.
The Permanent Account Number (PAN) is an essential document for most of us, from filing taxes to opening a bank account. Imagine if your PAN card became smarter, faster, and even more secure. That’s exactly what the government has planned with the new PAN 2.0 Project.
Recently, the Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, approved this project, with a budget of Rs 1,435 crore. This marks a major step towards making tax-related services more efficient and accessible for everyone.
What is PAN 2.0?
PAN 2.0 is an upgraded version of the current PAN/TAN ecosystem, designed to enhance the digital experience for taxpayers. It’s an e-governance initiative aimed at re-engineering the way taxpayer registration services work. With PAN 2.0, both the core and additional PAN-related activities, including PAN validation services, will undergo a tech-driven transformation.
Key features and benefits
The PAN 2.0 Project will offer several benefits to taxpayers, making it not just an upgrade but a major step in the Digital India movement:
- Speedy services: Expect faster and improved service quality when applying for or updating your PAN/TAN.
- Consistency and accuracy: It will act as a “Single Source of Truth,” ensuring data is consistent and reliable.
- Eco-friendly and cost-effective: The new processes will reduce paperwork, making them more environmentally friendly and cost-efficient.
- Secure infrastructure: With upgraded systems, your data will be safer and more agile than ever.
Also read: Delhi smog: How to track real-time air quality on Google Maps
QR code on PAN cards
One of the exciting features of PAN 2.0 is the introduction of QR codes on PAN cards. The government aims to make PAN as a common identifier across all digital systems of governmental organisations.
Supporting Digital India
By integrating PAN into more digital platforms, the PAN 2.0 Project strengthens the government’s Digital India mission.
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Ayushi Jain
Tech news writer by day, BGMI player by night. Combining my passion for tech and gaming to bring you the latest in both worlds. View Full Profile
