The last date to link PAN with Aadhaar in 2024 is December 31, 2024. If not linked by this date, the PAN card will be deactivated, potentially leading to transaction issues and other complications.
What Happens if PAN is Not Linked to Aadhaar?
If you don't link your PAN to your Aadhaar by December 31, 2024, your PAN card will become inoperative, which can create significant challenges in conducting future financial transactions. Reactivating a deactivated PAN can be complicated.
It is crucial to stay updated on data privacy regulations and be cautious when sharing personal details online. According to Section 139AA of the Income Tax Act, individuals who were allotted a PAN on or after July 1, 2017, and are eligible for an Aadhaar number, must link the two by the prescribed deadline.
How to Pay Penalty and Link PAN with Aadhaar Online?
Here’s a step-by-step guide to paying the penalty and linking your PAN with Aadhaar online:
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Access the e-Filing Portal: Go to the e-filing website and click on the Link Aadhaar option under the Quick Links section on the homepage. Alternatively, log in to your account and navigate to the 'Link Aadhaar' section in your profile.
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Enter Your PAN and Aadhaar Details: Input your PAN and Aadhaar number in the respective fields.
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Proceed to Payment: Click on Continue to Pay Through e-Pay Tax to begin the payment process.
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Verify Your PAN: Confirm your PAN and receive an OTP on your registered mobile number for verification.
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Payment Page: Once OTP verification is successful, the e-Pay Tax page will appear. Click on Proceed under the Income Tax section, then select the relevant assessment year and payment type as Other Receipts (500).
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Confirm Payment Details: Click Continue to auto-fill the applicable payment amount.
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Generate and Complete Payment: A challan will be generated for the payment. After completing the payment, you can proceed to link your Aadhaar with PAN via the e-filing portal.
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Check Linking Status: Once the process is complete, you can check the status of your PAN-Aadhaar link by clicking on the Aadhaar Status link on the e-filing homepage.
This process will ensure your PAN and Aadhaar are successfully linked, and any penalty payments are handled seamlessly.