Categories: Business

32.71 cr PANs linked with Aadhaar

Photo: FILE

32.71 cr PANs linked with Aadhaar

new Delhi. The government said on Wednesday that 32.71 crore Permanent Account Number (PAN) have been added so far from Aadhaar biometric identity card. "More than 32.71 crore PANs have been added from Aadhaar," My Village India wrote on Twitter. The government has already extended the date of linking Aadhaar to PAN on March 31, 2021. According to the tweet, by June 29, 50.95 crore PANs have been allocated. The Unique Identification Authority of India (UIDAI) issues a 12-digit Aadhaar while the Income Tax Department issues a 10-digit PAN (including English and numerals) to any individual or entity. According to the Income Tax Department, if PAN is not linked to Aadhaar within the stipulated period, it will become inactive.

In a separate tweet, My Village India has given information about the income distribution of those filing income tax returns through a graph. Accordingly, 57 percent of the units filing income tax returns are those whose income is less than Rs 2.5 lakh. According to the data, 18 percent of the people who fill their income are Rs 2.5 to 5 lakh, 17 percent have income of Rs 5 lakh to Rs 10 lakh and seven percent have income of Rs 10 lakh to Rs 50 lakh. Only one percent of those who file income tax returns show their income above Rs 50 lakh.

This post was published on August 12, 2020 11:46 pm

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