PAN Card for Minors and Students: An Easy Guide to Apply

What is PAN and Who Does it Protect?

PAN (Permanent Account Number) is a unique 10-character alphanumeric identification issued by the Indian Income Tax Department. It is mandatory for financial transactions such as opening bank accounts, filing income tax returns, investing in securities, and many other financial activities. PAN helps the government track monetary transactions and prevent tax evasion. It protects both adults and minors by providing a legally recognized identity in financial matters.

Why PAN for Minors and Students?

• Minors and students may need a PAN card if they receive income or gifts that exceed exemption limits.
• PAN is necessary for opening a bank account, investing in mutual funds, or receiving scholarship income.
• Having a PAN card early helps students build a financial identity and simplifies future financial transactions.
• The Income Tax Department requires PAN for filing income tax returns, even for minors if their income exceeds specified thresholds.

Important Amendments and Rules

• As per the latest Income Tax guidelines, a minor can apply for a PAN card with the consent of either parent or guardian.
• PAN application for minors is allowed to link with their Aadhaar, making the process simpler.
• There are no age restrictions on applying for PAN; even newborns can have a PAN applied in their name.
• PAN cards issued to minors are valid for a lifetime; no renewal required.
• As per latest amendments, PAN is also mandatory for certain transactions above specified limits irrespective of age.

How to Apply for PAN for Minors and Students: Step-by-Step

1. Download Application Form
   • Use Form 49A for Indian citizens, which is available online on the official NSDL or UTIITSL website.
2. Fill in Details
   • Enter the minor’s full name, date of birth, and Aadhaar details.
   • Provide parent or guardian details including their PAN.
   • Mention the communication address (usually parent’s/guardian’s).
3. Attach Documents
   • Proof of identity and date of birth of the minor (birth certificate, Aadhaar, passport).
   • Proof of address of parent/guardian.
   • Passport-sized photograph of the minor (if applicable).
4. Submit Application
   • Online submission on the official PAN portal or at authorized PAN centers.
   • The guardian must sign the application.
5. Pay the Fees
   • PAN application fee is typically ₹110 (approximately $1.50), which can be paid online or offline.
6. Verification and Processing
   • The Income Tax Department verifies the documents.
   • The PAN card is dispatched physically to the communication address.