Panchkula is 5kms from Chandigarh.
The bus stand of Panchkula is in Sec-5 Panchkula, Panchkula is a very small town and people like to catch buses within the city from bus-stops that are there on all mainroads dividing the sectors.
A bus from Chandigarh to Panchkula costs around 16-20Rs. A taxi costs around 100-150Rs.
There many taxi stands in panchkula, in Sector 14, Sector 8.