Govt has collected Rs 600 cr penalty for delay in PAN-Aadhaar linking; 11.48 cr PANs not linked yet
Over Rs 600 crore collected as penalty for not linking PAN with Aadhaar; 11.48 crore PANs still unlinked. Last date for linking PAN with Aadhaar was June 30, 2023. Inoperative PANs face higher TDS and TCS rates. PANs can be made operative again by...

To a question regarding the details of government earning through late penalty of Rs 1,000 from the persons who have not linked their PAN and Aadhaar after the last date of June 30, 2023, Chaudhary said "the total collection of fee from persons who have not linked their PAN with Aadhaar is Rs 601.97 crore from July 1, 2023 to January 31,2024".
The last date for linking PAN with biometric Aadhaar was June 30, 2023.
The Income Tax department had said the PAN of taxpayers who have failed to intimate their Aadhaar shall become inoperative from July 1, 2023 and no refunds would be made against such PANs. Also, TDS and TCS shall be deducted/collected at higher rate.
The PAN can be made operative again by paying a late fee of Rs 1,000.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.