Form 60 is a legal declaration provided by the Income Tax Department of India for individuals who do not hold a Permanent Account Number (PAN). It allows you to carry out specific financial transactions, like opening a bank account or buying property, where a PAN is normally mandatory. By signing this form, you declare your income is below the taxable limit and you do not possess a PAN. Banks and financial institutions use it to comply with RBI and Income Tax rules for KYC.

Issued by Central Board of Direct Taxes (CBDT) · Income Tax Department, Ministry of Finance

• Opening a savings or current bank account
  mandatory if you do not have a PAN card

• Applying for a credit or debit card
  required by banks to process the application without PAN

• Opening a demat account
  needed to trade or hold shares if PAN is unavailable

• Fixed deposits exceeding ₹50,000
  mandatory declaration to track large cash flows

• Paying cash exceeding ₹50,000 for hotel bills or foreign travel
  required under income tax rules

• Buying or selling a vehicle (other than two-wheelers)
  mandatory for high-value asset tracking

• Purchasing mutual funds above ₹50,000
  required by fund houses for regulatory compliance

• Property transactions exceeding ₹10,00,000
  mandatory to prevent black money usage

• Individuals who do not have a PAN card and whose total income is below the taxable limit

• Agricultural income earners who do not have a PAN

• Non-Resident Indians (NRIs) in certain transaction scenarios where PAN is not strictly required

• Companies

• Firms

• Hindu Undivided Families (HUF)

• Individuals who already possess a valid PAN card

• Individuals whose income exceeds the basic exemption limit (they must apply for a PAN)

• Proof of identity
  Aadhaar, Passport, Voter ID, Driving License, or other valid ID

• Proof of address
  Utility bill, Bank passbook, Rent agreement, or other valid address proof

• Document of the transaction
  Sale deed, vehicle registration papers, or FD application depending on what you are doing

• Details of PAN application
  If you applied for PAN but haven't received it, you need the acknowledgment number

1. 1

   Download Form 60 from the Income Tax website or get a physical copy from your bank branch

2. 2

   Fill in your personal details including name, address, and date of birth

3. 3

   Provide details of the transaction you are undertaking like opening a savings account

4. 4

   Declare your estimated total income for the financial year

5. 5

   Mention if you have applied for a PAN and provide the acknowledgment number if applicable

6. 6

   Sign the declaration verifying the details are true

7. 7

   Submit the form along with self-attested copies of your identity and address proof to the bank, post office, or registering authority

• Bank branches

• Post offices

• Sub-registrar offices (for property)

• Dealerships (for vehicles)

• Mutual fund house branches

• Downloadable from incometaxindia.gov.in

• Banks and institutions verify the details against the attached KYC documents

• Institutions report Form 60 declarations to the Income Tax Department via Form 61

• Physical Form 60
  The standard paper form filled in pen

• Digital Form 60
  A web-form version integrated into a bank's online account opening process

1. 1

   Go to incometaxindia.gov.in

2. 2

   Click on 'Forms / Downloads'

3. 3

   Select 'Income Tax Forms'

4. 4

   Search for 'Form 60'

5. 5

   Download the PDF format

6. 6

   Print it on A4 paper

1. 1

   If you lose an unsubmitted form, simply print and fill out a new one

2. 2

   If the bank loses it, they will ask you to fill a fresh copy

• PAN Application
  If you have applied for a PAN but not received it, you must quote the 15-digit PAN application acknowledgment number on Form 60

• It is a substitute for PAN, not a replacement for basic ID like Aadhaar

• Providing a false declaration in Form 60 can lead to imprisonment from 3 months to 7 years under Section 277 of the Income Tax Act

• You must submit a separate Form 60 for every individual transaction (e.g., one for FD, one for savings account)

• Agricultural income is specifically asked about in the form

• Even if you apply for a PAN today, you can use Form 60 with the acknowledgment number immediately

• Banks are required to report all Form 60 submissions to the tax department regularly

• You cannot use Form 60 if your total income exceeds the taxable limit (₹3,00,000 under the new tax regime as of 2024)

• It is a 1-page form, usually accompanied by 2 pages of instructions.

• Using Form 60 when you already have a PAN => This is illegal; always use your PAN if issued

• Leaving the estimated income column blank => The bank will reject it; you must estimate your annual income

• Forgetting to attach ID proof => Form 60 is invalid without an accompanying identity and address proof document

• Not signing the verification section => An unsigned declaration has no legal value

• Using Form 60 when income is above taxable limit => This can trigger a tax notice; you must apply for a PAN instead

• Supplying fake acknowledgment numbers => The system verifies PAN applications; fake numbers will bounce

• Not splitting agricultural and non-agricultural income => The form specifically requires these to be declared separately.

• Never sign a blank Form 60 and hand it to an agent

• Always cross out empty spaces on the form so nothing can be added later

• Write the specific purpose (e.g., 'For SBI Account Opening Only') on the top of the form

• Attach self-attested photocopies of your ID and address proofs, noting the purpose on the copies

• Keep a photocopy of the filled Form 60 for your own records in case of disputes

• Be completely honest about your estimated income to avoid tax department penalties

• Do not let a bank official fill the income figures for you.

• Income Tax Toll-Free Number: 1800 180 1961

• Aaykar Sampark Kendra: 1961

• e-Filing Helpdesk: 1800 103 0025 (Monday to Saturday, 8 AM to 8 PM)

• incometaxindia.gov.in
• incometaxindia.gov.in
• rbi.org.in

Last checked: 4 November 2026

Rules, fees and timelines change. Always confirm on the official website before you apply.