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Relocating to India? A simple guide on PAN card’s

Posted by Morgan Williams | Posted in Blog | Posted on 08-01-2018

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India is a beautiful country and it’s no wonder the amount of people relocating there is increasing. In fact, almost a third of India’s population are migrants.

Why is this? Stunning sites and intriguing cultures are merely the basis’ of why India is such an appealing country to relocate to. However, just over half of migrants in India moved for employment.

But enough gawping at India’s beauty, let’s get down to the reason you’re here; to understand PAN cards.

What is a PAN card?

What is PAN? PAN stands for Permanent Account Number and it’s the main thing you’ll require when relocating to India. To put it simply, you need a PAN card if you’re looking into working on a temporary or permanent basis there.

To do so, you’ll need to get in touch with a company providing information on how to apply for, verify and replace a PAN card. From there, they will take you through each step and help you to fill out the forms. It may be time-consuming, but it is a legal requirement.

Who needs a PAN card?

As previously mentioned, India requires all who are working and paying TAX to apply for a PAN card. It acts as an identification and verification that you are indeed, a legally working, TAX paying resident of India.

Additionally, those who are opening a bank account in India require a PAN card too. If you’re still unsure whether or not you need to apply for one, ask! It’s not complicated to get and it’s definitely worthwhile.

Good luck on your move to India.

 

 

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