PAN 2.0 Explained: Key changes, who should apply, and more; All you need to know

The Cabinet has approved the PAN 2.0 initiative, a ₹1,435 crore project aimed at modernising Indias tax administration. This upgrade will streamline taxpayer registration and verification processes through a fully paperless and secure digital system. PAN 2.0 introduces features such as QR codes for easier access and ensures faster, eco-friendly services. Existing PAN cards remain valid, and the upgrade will be free of cost. The initiative aligns with the Digital India vision, enhancing efficiency and user experience.