Question

The difference between the number of pan allotted to body of individuals and local authority is

Answer 1

The Permanent Account Number under new series uses Phonetic Soundex code algorithm to ensure uniqueness :-

i. Full name of the taxpayer;

ii. Date of birth / Date of Incorporation;

iii. Status;

iv. Gender in case of individuals; and

v. Father name in case of individuals (including in the cases of married ladies)

These five fields are called core fields, without which PAN cannot be allotted.

PAN is generated automatically by the online system by taking into account the information furnished by the PAN applicant.

First Three Characters

The first three characters of PAN are a sequence of alphabets from AAA to ZZZ

Fourth Character

The fourth character signifies the type of taxpayer that you are.

A — Association of Persons (AOP)

B — Body of Individuals (BOI)

C — Company

F — Firm

G — Government

H — HUF (Hindu Undivided Family)

L — Local Authority

J — Artificial Judicial Person

P — Individual

T — AOP (Trust)

K — Krish (Trust krish)

The fifth character represents the first character of the PAN holder's Surname. For eg- If your name is say Banerjee,then the fifth character of your PAN will be 'B'.

The difference between the number of pan allotted to body of individuals and local authority lies only in the above placement of letters while alloting the PAN.

Answer 2

PAN numbers: They are a combination of ten alpha-numeric characters.

It consists of six characters:

• 1st, 2nd and 3rd character represent a series starting from AAA to ZZZ.
• 4th character represents the status of the PAN holder.
• B for Body of Individuals (BOI) and L for Local Authority.
• 5th character is either the surname or the name of the entity.
• 6th,7th, 8th and 9th characters are sequential numbers running from 0001 to 9999

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