PAN Number and It's importance?

PAN is required for person having taxable income above amount not liable to tax. If your taxable income is below Rs 160000.00 in FY 2010-11 or even in 2011-12, you need not PAN. But bank is asking PAN for tax deduction at source on FDR interest. For person who do not require PAN have to submit Form 15G/H, and this way bank will not be require your PAN. There is no limit of having any nos of SB Account in any bank. Generally PAN is allotted for to the person having taxable income more than the amount not liable to tax.