Not linking PAN with Aadhaar will cost you Rs 500 in first 3 months, Rs 1,000 thereafter

The Central Board of Direct Taxes (CBDT) has notified the penalty amount under section 234H of the Income-tax Act, 1961 which will be applicable for linking PAN with Aadhaar after the expiry of the due date. Currently, the last date to link PAN with Aadhaar is March 31, 2022, i.e. tomorrow.