5 big rules of PAN card are going to change in March! From property to cash limit, know what will be the impact on the common man:

New Delhi. If you also have a PAN card and you do transactions in bank, property or stock market, then this news is very important for you. The Government of India and the Income Tax Department have issued new ‘Draft Income Tax Rules 2026’, which are being finalized in the month of March and these rules will come into effect across the country from April 1, 2026. The main objective of these new rules is to provide relief to common taxpayers in small transactions and to increase surveillance on large transactions. Let us understand in detail what changes are going to happen in the rules of PAN card and what preparation you will have to do for it.

New limit for cash deposit and withdrawal (Cash Transaction Limit)

As per the current rules, it is mandatory to show PAN card when depositing cash more than Rs 50,000 in a day in any bank or post office. But under the new rules, the government has proposed to fix this limit on the basis of financial year. Now PAN card will be made mandatory for cash deposits or withdrawals up to a maximum of Rs 10 lakh from multiple bank accounts in a financial year. This will provide great relief to those doing small and everyday transactions.

Big discount on purchasing property and vehicle

In case of purchase of immovable property i.e. land or house, at present it is necessary to give PAN for transactions of more than Rs 10 lakh. In the new rules, there is a proposal to increase this limit to Rs 20 lakh. At the same time, there is going to be a big change in the matter of purchase of vehicles. Now PAN card will be mandatory only for purchasing a two-wheeler or four-wheeler costing more than Rs 5 lakh, whereas earlier it was mandatory for almost every four-wheeler.

New rule on hotel and restaurant bills

Often when going to an expensive hotel or restaurant with the family, if the bill was more than Rs 50,000, PAN card information had to be given. Keeping in mind the convenience of the common people, the government has now doubled this limit. From April 1, 2026, there will be no need to provide PAN card for cash payments up to Rs 1 lakh in hotels or restaurants.

Aadhaar linking and danger of inactive PAN

Under the new rules, the government has made it clear that linking PAN card with Aadhaar is now completely mandatory. If your PAN card is not linked to Aadhaar, it will be deactivated. With an inactive PAN card, you will neither be able to open a bank account, nor file Income Tax Return (ITR) nor make any major financial transactions. So if you have not done the linking yet, get it done immediately.

e-PAN and Single Financial ID

While promoting Digital India, the government is now giving more preference to ‘e-PAN’ instead of physical card. The new PAN cards are coming with smart QR Code, through which their authenticity can be checked immediately. Apart from this, PAN card is now being made your single financial identity, so that your bank accounts, investments, loans and tax records will all be linked in one place. All these changes simply mean that the government is making the process easier for honest taxpayers, while cracking down on tax evaders and fake PAN card holders.