Besides being a tax identifier, PAN works well as a physical identity proof. However, the Permanent Account Number (PAN) system is becoming digital under the new PAN 2.0 project. The government spent Rs 1435 crore for a complete overhaul of the existing PAN system.

The Income Tax Department's PAN 2.0 offers digital e-PAN cards with a QR code for enhanced security, free for up to three requests. Physical PAN cards

The government has launched PAN 2.0, modernizing the PAN system by merging three portals into one. This upgrade simplifies processes for PAN holders.

The PAN 2.0 Project is an e-Governance project of the Income Tax Department aimed at re-engineering the business processes related to taxpayer registration services. The project's objective is to improve the quality of PAN services by incorporating the latest technology.

A nominal fee is required for a physical PAN card. It is important to note that existing PAN cards will remain valid even without the QR code

With the rollout of PAN 2.0, it is now easier for the government to identify and eliminate duplicate PANs. If you find that you hold more than one PAN, you should take these actions.