Starting from 1st April 2026, rules for PAN applications will be changed to strengthen identity verification and reduce fraud.
Earlier, you could apply PAN using Aadhaar. But now Aadhaar alone is no longer sufficient. It means applicants must submit Aadhaar plus additional documents (such as birth certificate, Class 10 marksheet, passport, Voter ID Card, Driving License etc.) to apply for a PAN.
New PAN Application Forms w.e.f. April 2026
| Old Form | For | Replaced by New Form |
| 49A | Indians | Form 93 |
| 49AA | Foreigners | Form 95 |
Other New Forms
| Form No. | Who can apply? |
| Form No. 94: Application form for an Indian Company or an Entity incorporated in India or an Unincorporated entity formed in India. | Any Indian company, LLP, firm, trust, HUF, AOP, BOI and AJP incorporated or formed in India. |
| Form No. 96: Application Form for an Entity incorporated outside India or an Unincorporated entity formed outside India. | Any Foreign company or Entity incorporated outside India or an Unincorporated entity formed outside India requiring PAN for transactions in India. |
Fee for PAN Application
| Particulars | Fee (inclusive of applicable taxes) (Rs.) |
| Dispatch of physical PAN Card in India (Communication address is an Indian address) | 107 |
| Dispatch of physical PAN Card outside India (where a foreign address is provided as the address for communication) | 1017 |
| E-PAN (if physical PAN not required) | |
| PAN applications submitted at TIN Facilitation Centres/PAN Centres | 72 |
| PAN applications submitted online through paperless modes (e-KYC & e-Sign / e-Sign scanned-based / DSC scanned-based) | 66 |
Other Important Newly Introduced Rules
For Cash Deposit
| PAN Required Under Old Rule 114B | PAN Required Under New Rule 159) |
| Rs.50,000 per day per account | Rs 10 lakh aggregate per financial year across all accounts |
For Cash Withdrawals
If total cash withdrawals in all accounts exceed Rs 10 lakh in a financial year, then PAN is mandatory under Rule 159.
Immovable Property Transactions
| Property Value | PAN Required Under old Rule 114B | PAN Required Under New Rule 159 |
| Above Rs 10 lakh | Yes | No |
| More than Rs 20 lakh | Yes | Yes |
SFT Reporting under Rule 237
If property transactions (buy/sell/gift/JDA) are Rs 45 lakh or more, they are automatically reported to the Income Tax Department.
Stamp Paper Purchase Rule
- With PAN: Reporting starts if the amount is above Rs 2 lakh.
- Without PAN: Reporting starts if the amount is above Rs 1 lakh.
Motor Vehicle Transactions
| Vehicle | Old Rule 114B | New Rule 159 |
| Cars/jeeps/buses/trucks (any value) | PAN always required | PAN required above Rs 5 lakh |
| Two-wheelers | No PAN needed | PAN required if the value exceeds Rs 5 lakh |
Life Insurance Premiums
- Old Rule 114B: If the total premium paid to an insurance company exceeds Rs 50,000 in a financial year
- New Rule 159: PAN is mandatory for all policies, whether premium is Rs 5,000 to Rs 5,00,000
Hotel/Restaurant/Event/Banquet Halls/Event Management/Wedding Planning/Parties/Corporate Events Cash Payments
| Old Rule 114B | New Rule 159 |
| PAN required if cash bills exceed Rs 50,000 until 31 March 2026 | PAN mandatory for cash payments exceeding Rs 1 lakh aggregate cash from 1 April 2026 |
In short
From April 2026, the new PAN rules mark a clear shift from "small checks" to "big-picture tracking" - making it harder to hide large cash movements over time.
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