Your Company Can Stop Your Salary If Aadhaar Number PAN Card Are Not Linked
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Your salary can stop from 1st July 1, if the aadhar is not seeded With PAN
If you do not link the Aadhaar with PAN until July 1, your salary may stop. This will be due to your permanent account number i.e. PAN. If you have a UID and permanent account number PAN, then you have to link your UID with PAN as soon as possible. Otherwise your pan will be cancelled.
Salary Will Be Affected
As a result of that your salary may also be got effected. And cannot be further processed to your bank account. CA Amrajit Chopra says that if your PAN is cancelled then your salary will not get processed. The reason for this is that companies cut TDS on more salaries than taxable limits. They will not be able to do this if they do not have a pan.
Some More Things Not Possible With Out Aadhar
There is list of some more things which might not be possible to do if your aadhar is not provided or not linked with those documents. So let’s have a look on those works also.
Failure to do Financial Transaction More Than Rs 50,000
If your PAN is cancelled, you will not be able to do more than Rs. 50,000 transactions in the bank. Because PAN is required to deposit or withdraw cash while it is in excess of Rs.50,000 in bank.
Will not be Able to File ITR
If your PAN is canceled, you will not be able to file an Income Tax Return. Pan is required to file an Income Tax Return.
Those Who do not Fill Income Tax Returns Will Also Have To Link Aadhaar PAN
If you believe that your income taxable limit is less than Rs 2.5 lakh annually and you do not have to file an income tax return. In such case, if you think that you do not need to link your UID wit PAN, then you are wrong.
Even if you have both the UID and the PAN, even if you do not file an Income Tax Return, it is necessary to link the aadhaar to the PAN. Otherwise your pan will be cancelled.
Link Aadhar PAN Card Through Sending SMS
Now you can link aadhar to your PAN using SMS based service. The Income Tax Department has informed that the basis can be linked to PAN by sending an SMS to 567678 or 56161.
Visit Official Portal
To link the aadhar with Pan Card Online Through Official Portal, you can also visit the department official e-filing website. This can be done in case of similar names in the UID and pan database or in both cases having minor mismatch with your provided information.