How to check Income Tax Refund Status

It is essential to know PAN and assessment year to check your income tax refund status. There are mainly two ways of checking the Income Tax Refund Status.

The main ways of checking the Income Tax Refund status are :

  • Income Tax E-filing Portal
  • The TIN NSDL Portal

The Process to check Income Tax Refund through E-filing website :

Follow the given steps to get refund status via E-Filing Website:

  • Log on to the website of e-Filing portal.
  • Log in your User ID/ PAN/ Aadhar, password, date of birth or date of incorporation.
  • Enter the Captcha Code displayed on the screen
  • Navigate to ‘My Account’ Section’
  • Click on the ‘Refund/ Demand Status’ option.
  • Your refund status will appear on the screen

The process to check Income Tax Refund through TIN NSDL Website :

  • Log on to the website of https://tin.tin.nsdl.com/oltas/refund-status-pan.html.
  • Enter your PAN, Assessment year, and Captcha Code
  • Click on ‘Proceed’ to check the status of refund

Popular Modes of getting Income Tax Refund :

How to do direct credit of Income Tax Refund Amount

  • One can get Income tax refund via NECS/RTGS
  • To get tax refund amount credit immediately
  • It includes the communication address, bank account, and branch ‘s IFSC code.
  • This will make the transmission of income tax refunds simple and effective.

5 Year Tax-saving FD:

Post office deposit schemes are a lot similar of fixed deposits offered by banks. The duration of these schemes could range from 1-5 year, but only the interest earned on five-year post office time deposit schemes are eligible for tax deductions under Section 80C of the Income Tax Act.

How to Request for Refund Reissue?

The steps to request for refund issue are given below:

  • Click on the link https://portal.incometaxindiaefiling.gov.in/e
  • Filing/User login/LoginHome.html and enter your User ID, Password, date of birth, and the captcha code to login.
  • Go to 'My Account' and then click on 'Service Request'
  • Click on 'New Request' under the 'Request Type' category, and select the option 'Refund Reissue' under 'Request Category'.
  • A screen will appear which will contain the acknowledgment number for every financial year during which you filed your Income Tax. Click on 'Submit' under the 'Response' section for the year you want the refund.
  • Fill in details such as your Bank Account Number, Account Type, IFSC Code, Bank Name, and then click on 'Submit'.
  • The amount will then be refunded to your bank account after a few days.

Frequently Asked Questions

  • If my income tax refund has been delayed, will be there be any compensation for me?
    If your income tax refund has been delayed, then you will get 0.5% per month/part of the month interest on your amount which was 0.5% per month part of the month interest on your amount what was due. This interest will be calculated from 1 April of the assessment year right to the date on which your refund has been granted.
  • When will I become eligible for an income tax refund?
    You will be eligible for an income tax refund if you have paid a tax amount over and above the actual tax payable. The refund amount will be calculated during the time of filing the ITR.
  • What is the time limit for claiming an income tax refund?
    An income tax refund can be claimed only after ITR filing is done. The deadline for filing IT returns and obtaining refunds for any AY is 31 December.
    Approximately in 30-45 days, the income tax refund reflects in your account.
  • Can I check my income tax refund status online?
    Yes, you can check your income tax refund status online.