Yes, the Income Tax Department can charge a penalty for PAN card holders who fail to comply with tax laws and regulations. Some common situations where a penalty may be imposed include:

• Failure to file tax returns: If a PAN cardholder is required to file and fails to do so, they may be subject to a penalty.
• Late filing of tax returns: If PAN card holder files their tax returns after the due date, they may be subject to a penalty.
• Concealing income: If a PAN card holder hides their income or provides false information in their tax returns, they may be subject to a penalty.
• Non-compliance with tax laws: If a PAN cardholder fails to comply with tax laws and regulations, such as failing to deduct TDS or not maintaining proper records, they may be subject to a penalty.

The exact amount of the penalty will depend on the nature and severity of the violation and can range from a small amount to a substantial sum. It is essential for PAN card holders to comply with tax laws and regulations to avoid penalties and to ensure that their tax affairs are in order.