In a statement, the Central Board of Direct Taxes (CBDT) said Finance Minister Nirmala Sitharaman
on Thursday formally launched the facility.
The 'beta version' for instant allotment of PAN on trial basis was started on February 12, 2020 on the e-filing website of the Income-Tax
Department. Since then, 6,77,680 instant PANs have been allotted with a turnaround time of about 10 minutes, till May 25, 2020.