Permanent Account Number (PAN) is a code that acts as an identification for individuals, families and corporates (Indian and Foreign as well), especially those who pay Income Tax.
Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated tamper proof card, by the Income Tax Department of India.
The Permanent Account Number (PAN) is unique to an individual or entity and it is valid across India. Permanent Account Number once allotted to an individual or entity is unaffected by a change of name, address within or across states in India or other factors
Meaning of PAN card
A typical Permanent Account Number is would look like AFZPK7190K. The logic behind the array of numbers and alphabets is as follows
First three characters i.e. "AFZ" in the above PAN are alphabetic series running from AAA to ZZZ.
Fourth character i.e. "P" in the above PAN represents the status of the PAN holder