PAN and Aadhaar must be linked by March 31st, 2022. You will be penalized and subject to other consequences if you skip the deadline. How to link your Aadhaar with your PAN Card online and offline.
First, PAN holders will have to pay a penalty of Rs. 500 if their PAN and Aadhaar cards are not linked within three months of the deadline.
Second, if Aadhaar is not linked to the PAN card within this deadline, the PAN card will become inoperative
This means the cardholder will not be able to make financial transactions where quoting of the PAN is required.
Moreover, the IT department can levy a penalty under Section 272B of the Income Tax Act for an inactive PAN card.