Regarding PAN card

[Former Member]

Dear experts,

We usually maintain the PAN details in Infotype-185.

what is the main purpose of maintaining this PAN details.

Please let me know the complete answer.

[Former Member · Accepted solution]

Dear Kumar,

you know well that PAN is permanent account number.

It is mandatory to maintain for all EE's, who are earning in India.

while processing the payroll system will read PNCHK constant from the T511p, so according to this for the EE's, whom we have not maintained PAN will be directly deducted 20% on earning salary irrespective of TAX SLABS.

so to avoid this, for those Employees, who are not fall in the tax slabs, we need to maintain PAN details in 0185 IT

all the best.

[Former Member]

pan card is is essential for purpose of starting new business use in a banking need of pan card is very. know your pan card  

[Former Member]

PAN number is an government provided id card to remit the tax on income to government. it is leagal and mandatory requirement

because currently indian government has compulsion on PAN card for every indian citizen (They may want to catch every white money LOL , if u dont have pan card - then there will be strainght 20% deduction of taxable income ,

also this PAN number will be used in form 16 and form 24 for reporting to government.

hope this helps.

thanks

jaydeep jadhav

[Former Member]

PAN number is used for the tax purpose as employee tax purpose which is also being reported in Form 16 and Form 24Q. Even now you are required to maintain for the tax calculation purpose as per IT department rules.