Most of us possess a PAN (Permanent Account Number) card. All of us are aware that it has a unique 10-digit code.
Here is some explanation for the significance of the 10 digits:The Department of Income Tax issues PAN Cards.The first 3 digits are serial numbers.
The 4th digit indicates whether the PAN card is owned by an individual or a company - the letter P means a person, F means firm, C means a company, T means a Trust.
The 5th digit represents the first letter of the PAN card owner’s last name.
The following 4 digits are serial numbers - starting from 0001 to 9999.The last digit also refers to a serial number.
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