PAN denotes Permanent Account Number which is issued by Income Tax Department. Pan is a unique 10 digit identification alphanumeric number (containing both alphabets and numbers) assigned to all the citizens of India. PAN is very useful for opening a bank account, calculating inflow and outflow of money, opening a demat account etc. PAN number is giving in a card form containing 10 digit unique number, name, date of birth (DoB), and photograph. The 10 Digit Unique Number is made in which first three letters are alphabetic series and fourth letter is followed by below format.
“P” stands for Individual.
“F” stands for Firm.
“C” stands for Company.
“H” stands for HUF.
“A” stands for AOP.
“T” stands for TRUST etc.
Followed by fifth letter as surname and next four characters are sequential number running from 0001 to 9999 and last is an alphabet. For example PAN for an Individual can be ABCPA1234A.
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