Swachh Bharat Cess: PAN Card Gets Costlier

With the imposition of the Swachh Bharat cess on all services getting a new Permanent Account Number (PAN) card for income tax purposes has become costlier

• It will levy a surcharge of 0.5 per cent on all taxable services from November 15.
• New Cost : Rs 107, Rs.989(Outside India)
• Previous Cost : Rs 106, Rs. 985(Outside India)

PAN card :

• PAN is a 10-digit unique alphanumeric number allotted by the I-T department to taxpayers and it has authorised two domestic organisations UTIITSL and NSDLto issue them on its behalf.
• This card was issued by the Income Tax department to an individual or entity to keep a track on all their financial activities.