Yes

Pan Card and Aadhar linking are mandatory. Any individual who had been assigned a PAN as of July 1, 2017, and who was eligible to receive an Aadhaar number, is mandated to link their PAN with Aadhaar on or before March 31, 2023, according to CBDT. If they don’t, they must pay a penalty of 500 by June 30, 2022, after which a penalty of 1000

As per CBDT circular F. No. 370142/14/22-TPL dated 30th March 2022, every person who has been allotted a PAN as on 1st July 2017 and is eligible to obtain an Aadhaar number is required to link PAN with an AADHAAR on or before 31st March 2022. Taxpayers who failed to do so are liable to pay a fee of Rs. 500 till 30th June 2022 and thereafter a fee of Rs. 1000 will be applicable before submission of the PAN-AADHAAR linkage request.

• In case payment is already done on the Protean (NSDL) portal, please try linking after 4-5 working days from the date of payment.
• Please make sure fee payment is done under Minor head 500 – Other Receipts(500) and Major head 0021 [Income Tax (Other than Companies)] in a single challan.

Note

The following categories are exempted from Aadhaar-PAN linking

(i) NRIs

(ii) Not a citizen of India

(iii) age > 80 years as of the date

(iv) state of residence is ASSAM, MEGHALAYA or JAMMU & KASHMIR

Refer to Department of Revenue Notification no 37/2017 dated 11th May 2017