ITR Filing: The last date for filing Income Tax Return (ITR) is ending today i.e. 31st July. According to the official website of the Income Tax Department, more than 6 crore returns have been filed so far. Today is the last day of the process of filing tax returns. In the process of filing returns which has been going on for the last 4 months, all taxpayers needed a PAN card. Actually, it is not possible to file a return without it. Permanent Account Number (PAN Card) is issued by the Income Tax Department. The department gives a unique alphanumeric code of 10 characters for all the cards.
If you have used PAN card during the process of filing ITR going on for the last few months or are trying to file tax return on the last day for the financial year 2023-24 or assessment year 2024-25 with its help, then here you can take a look at the secrets hidden in the alphanumeric characters printed on the PAN.
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What is the meaning of the alphanumeric code printed on PAN?
If you have ever looked at your PAN card carefully, then you will know that the first three characters of the PAN card are in alphabetical series. The fourth alphabet of the PAN card tells what you are in the eyes of the Income Tax Department. If you are an individual, then the fourth alphabet of your PAN card will be P. So let us tell you which meaning is hidden behind which character of the PAN card.
Meaning of first 3 characters
The first 3 characters on the PAN are given in the form of alphabetic series, which can be from AAA to BNM.
Fourth character
The fourth character on PAN is very important.
P-single person
F-firm
C-Company
A- AOP(Association of Person)
T-Trust
H- HUF (Hindu Undivided Family)
B- BOI(Body of Individual)
L-Local
J- Artificial Judicial Person
G- for government
5th character on PAN
The fifth character of the PAN card number is an alphabet. This digit is the first letter of the surname of the PAN card holder. It depends only on the PAN card holder. It is worth noting that only the last name of the holder is seen in it.
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last 4 characters
After this, there are 4 numbers in the PAN card. These numbers can be anything from 0001 to 9999. These numbers of your PAN card represent the series which is currently running in the Income Tax Department.
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Last number
The last digit of PAN is an alphabetic check digit, which can be any letter.
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What is ITR?
ITR is a form used to declare your total income for a given financial year. It includes income from all sources and determines which tax slab you are eligible for. Filing ITR helps you claim deductions and thus determines your annual tax liability. All the income details are filled in it.
