5 big advantages of pan card

If you have pen card then you will get 5 big advantages

5 big advantages of pan card

If you have a PAN card then you can get many benefits from the Government of India. You just do not understand the PAN card as an identity format. It is used in many ways in our lives. Today we are going to tell you through this post that if you have a PAN card, then what benefits can you get

1. Exemptions in Taxes

If you have more than 50000 transactions in the bank, you have to show a PAN card there. If you do not have a PAN card, then your 2% TDS will be deducted by the bank. Therefore, you can avoid TDS by creating a PAN card.

2. Income tax return

If you want to give details of your income in the Income Tax department, you will need a PAN card. Because without PAN card you can not fill income tax returns. By filling the income tax return you can take advantage of many government services. Like you can get a loan from the bank through income tax return or you can also apply for visa.

3. Must be in the bank

The Government of India has instructed its guidelines that all the customers are required to deposit the Aadhaar card and PAN card in their bank. If you do not submit PAN card, your account will be closed. Therefore, PAN card is very important to keep your bank account running.

4. Assistance in commercial transaction

If we do any business then we have to make all the other documents in order to start our business. Similarly, we also need to make the PAN card. Because we can not do government transactions without it. If we do not have a PAN card, then we can stop many of our work like taking any payment online or giving it.

5. Benefits of government services

The Indian government often keeps welfare schemes for people. As a result of which people can get welfare. But to take advantage of all the government schemes we need a PAN Card and Aadhar Card. Because the Government of India issued this directive in its guidelines that we are required to include all the necessary documents related to KYC in order to avail the services of government services.