The PAN number on a PAN card is a unique, ten-digit alphanumeric identifier issued by the Income Tax Department of India. It serves as a universal identification for all financial transactions and helps the government track tax liabilities.
The structure of the PAN number includes:
- The first five characters are alphabets.
- The next four characters are sequential numbers from 0001 to 9999.
- The final character is an alphabetic check digit.
This permanent number remains valid for the holder's lifetime across India.