<h1>India Launches PAN 2.0: Streamlined Tax Services, Free e-PAN, Enhanced Security, and Global Standards for Digital Transformation.</h1> The PAN 2.0 initiative modernizes India's taxpayer services by integrating all PAN/TAN services into a single portal, enhancing user experience with paperless processes and free e-PAN issuance. With a budget of Rs. 1,435 crore, it aims to streamline PAN/TAN management and improve security through a PAN Data Vault. Existing PAN holders retain their cards unless updates are requested. PAN 2.0 includes enhanced QR codes for data verification and adopts global standards for security and efficiency. The project supports India's digital transformation, ensuring compliance, transparency, and improved taxpayer services. Penalties apply for non-compliance or multiple PANs.