PAN card is an important document in today’s time. You need this card from opening a bank account to income tax. The person’s name and his date of birth are clearly written on the PAN card.
But a 10 digit alphanumeric number is also written on it. This number is called the PAN number. Most people do not know the meaning of this number. Information related to you is recorded on this number. Let us tell you about this-
These information are in the PAN card number
Actually, when you give information about yourself at the time of applying for a PAN card, the PAN number is prepared on the basis of that information. The first three digits of this number are English letters. It can be any letter from AAA to ZZZ. It is decided according to the latest running series. The fourth letter shows the category of taxpayer and tells in which category the cardholder is included. For example, if the fourth letter is C then it means company, whereas if it is P then it means individual. The fifth digit of the PAN card shows your surname. This is the first letter of your surname. If your surname is Sharma then the fifth character of your PAN number will be S. All the letters after the fifth letter of the PAN number are decided by the Income Tax Department.
These are the meanings of the fourth digit of the PAN number
P- Individual
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 the government
Many types of PAN cards
Please note that there are many types of PAN cards. Separate PAN cards are made for both Indian citizens and foreign citizens. Indian citizens fill Form No. 49A to get it made. Whereas foreign citizens fill Form No. 49AA. Apart from this, separate PAN cards are made for transactions in the name of a company. Which is also called business PAN card in simple words.
