As per the Income Tax Act, linking PAN with Aadhaar is mandatory. Failing to do so, results in PAN becoming inoperative. The Income Tax Department applies a higher rate of TDS deduction to employees with an inoperative PAN.
Employees under both the old and new tax regimes are affected by the higher TDS deductions resulting from an inoperative PAN.
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Related Links:
Video - To watch the video PAN updation, click here.
FAQs - To read more FAQs about PAN, click here.
Documentation - To read more about the PAN page, click here.
Product Update - To read about the product update, click here.
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