What is the fine for double PAN card?

Regulations on Multiple PANs and Associated Fines

The ownership of multiple Permanent Account Numbers (PANs) is strictly regulated under Indian law. The Income Tax Department has established clear guidelines to prevent individuals from holding more than one PAN card.

Penalty for Multiple PANs

According to Section 272B of the Income Tax Act, anyone found owning duplicate PAN cards is liable to a fine of Rs 10,000. This fine serves as a deterrent against the possession of multiple PANs and helps maintain the integrity of the PAN system.

Important: It is essential to ensure that you hold only one PAN card. If you discover that you have multiple PANs, it is advisable to rectify the situation immediately to avoid penalties. Contact the Income Tax Department or relevant authorities to resolve any issues related to duplicate PANs.

Maintaining a single PAN card helps streamline financial and tax-related processes and ensures compliance with legal requirements.