GLOSSARY · NRI: INDIANS IN THE US
PAN (Permanent Account Number)
The ten-character alphanumeric tax identifier issued by India's Income Tax Department (section 2(76) of the Income-tax Act, 2025). Under section 262 a person whose income exceeds the amount not chargeable to tax, or who must file a return, has to apply for one. A payer must deduct tax at source at a higher rate if the payee does not furnish a valid PAN, with limited relief for some payments to non-residents (section 397). An NRI therefore needs a PAN to avoid the higher withholding on NRO interest and to file an Indian return or claim a refund.
Also called: PAN, PAN card, permanent account number, Aadhaar-PAN link
COMPUTE IT WITH YOUR NUMBERS
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CHAPTER · TWO-COUNTRY MONEY · FOUNDATIONSNRE, NRO and FCNR AccountsCHAPTER · TWO-COUNTRY MONEY · FOUNDATIONSThe Paperwork: PAN, SSN, KYC and Residency CertificatesRELATED TERMS
SOURCES
- Income-tax Act, 2025, section 262: permanent account number (read 2 October 2026). Income Tax Department, Government of India.
- Income-tax Act, 2025, section 397: PAN to be furnished for TDS and TCS (read 2 October 2026). Income Tax Department, Government of India.
- Income-tax Act, 2025, section 2(76): definition of PAN (read 2 October 2026). Income Tax Department, Government of India.