Discover the consequences of neglecting PAN card rules as we get into the penalties associated with it, including fines for duplicate PAN cards and the repercussions of holding multiple PAN cards. Stay informed to ensure a hassle-free financial journey. The PAN -Aadhaar linking fine was Rs 500 until June 30, but it has been raised to Rs 1000 as of July 1 by the Central Board of Direct Taxes, or CBDT. Join ET’s Free Workshop. PAN -Aadhaar linking fine You will be charged Rs.500 if you link your PAN to your Aadhaar on or before June 30, 2022. If the PAN -Aadhaar link is completed on or after July 1, 2022, a charge of Rs.1,000 would be required. The fees have now been dismantled into their individual components. How to pay penalty amount? Providing an incorrect PAN number while filing income tax returns or conducting financial transactions can lead to penalties . The Income Tax Department may impose a fine of up to ₹10,000 for...
