why company ask for pan card

Companies primarily ask for your Permanent Account Number (PAN) card for verification and official record-keeping. The PAN card acts as a unique identity proof crucial for multiple reasons, even before an employment offer is made.

• Identity Verification: Companies use it for background checks to verify your genuine identity, prevent fraudulent candidates, and ensure the correct person appears for the interview.
• Candidate De-duplication: Many employers use PAN to track candidates in their recruitment system, preventing repeat applications within a 'cooling-off' period.
• Tax Compliance: Once hired, the PAN is essential for income tax purposes, including the deduction of Tax Deducted at Source (TDS).