Question: Is It Safe To Give PAN Card Number To Recruiter?

Is PAN card number confidential?

NEW DELHI : The Income Tax department is warning all holders of Permanent Account Number to not share their ten-digit alphanumeric PAN publicly on social media.

The tax department says sharing of such personal data can lead to its misuse..

What is Pan card fee?

Rs. 93The charges for applying for PAN is Rs. 93 (Excluding Goods and Services tax​) for Indian communication address and Rs. 864 (Excluding Goods and Services tax) for foreign communication address. Payment of application fee can be made through credit/debit card, demand draft or net-banking.

Is PAN card mandatory for KYC?

Your Permanent Account Number (PAN) is a unique identification number assigned to you by the Income Tax Department. The PAN is proof of your identity as well as income. … A PAN Card is, therefore, a mandatory document at the time of getting your KYC process done.

Can lost PAN card be misused?

What to do when you lose your PAN card. Firstly do not panic if you have lost your pan card. It cannot be misused like your debit or credit card.

Why do we need a PAN card?

It also serves as an identity proof. PAN is mandatory for financial transactions such as receiving taxable salary or professional fees, sale or purchase of assets above specified limits, buy mutual funds and more. … The PAN number remains unaffected by change of address throughout India.

Is it OK to share PAN card number?

Even just sharing your PAN number with someone whom you can’t trust is also not good. So avoid sharing PAN number also. Some suspicious persons may try to trace your PAN if they know some basic details about you. Like your surname, date of birth and in some cases your father’s name.

Can PAN number be misused?

Yes. If you leave your PAN card number on the public domain, it becomes vulnerable to misuse. One such misuse of PAN cards has been revealed recently by a consumer activist group. Several jewelers were found to misuse PAN card information provided by travelers for the Tatkal booking of railway tickets.

Is PAN card necessary for job?

NEW DELHI : Under the Income Tax Act, it is mandatory for all employees to submit their PAN (Permanent Account Number) to their office’s HR or accounts department as the onus is on your office to make TDS (tax deduction at source) if the income is above taxable limit.

How can I know my salary details through PAN card?

Process to check status of TDS by using the PAN CardVisit www.tdscpc.gov.in/app/tapn/tdstcscredit.xhtml.Key-in the verification code.Click to proceed.Enter PAN and TAN.Select the financial year as well as the quarter and the type of return.Click on ‘ Go’

Why do recruiters ask for PAN number?

The purpose would be to avoid impersonation of a candidate by a dummy candidate in the interview, with a view to getting selected . The pan card is considered to be a standard identity proof. This doesnt happen in all companies, in fact some companies ask new employees to submit their documents after joining.

What information can be obtained from PAN card?

Answer of 1 Question From the PAN any person can get Basic details like Full Name , AO code , Jurisdiction and AO name. 1. Permanent Account Number (PAN) will be made mandatory for any purchase or sale exceeding the value of Rs 1 lakh. Which includes payment to the dealer, or buying any gold coins or jewellery.

Can I get salary without PAN card?

Employer may cut 20% tax from your salary on not sharing PAN, Aadhaar. The new norm will be applicable to employees whose salary is above the threshold of Rs 2.5 lakh a year. Furnishing of PAN or Aadhaar number is mandatory for the employees in case of receipt of any sum or income or amount, on which tax is deductible.