The PAN 2.0 project has been approved by the Cabinet Committee on Economic Affairs. This project aims to modernize the issuance and management of Permanent Account Numbers (PAN) and Tax Deduction and Collection Account Numbers (TAN).

The Income Tax Department will oversee this initiative, which seeks to simplify tax filing processes, improve security, and increase accessibility for users. PAN 2.0 will introduce advanced features to facilitate more efficient financial and tax transactions. The government emphasizes that this upgrade will streamline operations and enhance the overall user experience for taxpayers.

The inclusion of QR codes is not a new feature but rather an enhancement of existing functionalities.