How To Check Income Tax Refund Status Online
Here are the two methods that you can check your income tax refund status online.
When you pay excess tax against your actual income tax liability for the specific financial year, the excess amount paid by you is refunded back to you by the Income Tax department after the appropriate assessment. This amount refunded to you is known as an income tax refund.
Before we proceed with how you can check your tax refund status online, you need to know how to claim an income tax refund and what amount is payable as an income tax refund.
Claim Income Tax Refund
By simply filling your Income Tax Return - ITR, you can claim a refund.
When you file your ITR, make sure that it is verified through the online or offline mode or by sending a signed copy of ITR V. Only then will the IT department process your income tax refund if applicable. This refund may not apply to all taxpayers. Depending on your assessment, verification and total tax liability, you will classify for an income tax refund. Do keep in mind that the income tax refund amount is payable only if the refund claim is legitimate and valid. Below are a few of the instances when you can claim an income tax refund:
- Excess TDS ( tax deducted at source) deducted: this could be either by your employer or your client, depending on your type of profession.
- Excess TDS deducted on your interest income from bank fixed deposits or bonds.
- TDS deducted on dividend income on your investments, and you are not under any eligible tax slab for income tax payment.
- Excess advance tax paid for the particular financial year based on self-assessment.
- Income tax paid in case you fall under the double taxation agreement if you are a citizen of one country and receive an income from another country. India falls under the DTAA – Double Taxation Avoidance Agreement with several countries.
What amount is payable as an income tax refund
The refund amount payable could either be higher, lower or match what is claimed in the income tax return based on the assessment done by the IT department. When you claim such a refund, you will receive an intimation from CPC under Section 143(1) of the Income Tax Act that will confirm the refund amount you are eligible for.
How to check income tax refund status online?
Once you get an intimation from the tax department, there are two ways to check your income tax refund status online.
1. Income Tax E- Filing portal
2. NSDL website
Income Tax E- Filing Portal
Below are the steps to check your income tax refund status through the Income Tax website.
Step 1: Click here to visit the income tax e-filing portal.
Step 2: Log in to your account with your User Id, password and the specific captcha displayed on the screen. Click Login
Step 3: Click on View Returns/ Forms in the Dashboard tab as displayed on your screen.
Step 4: Against Select an Option, choose Income Tax Returns. Select the relevant Assessment Year you want to view your income tax refund for.
Step 5: Click on the highlighted Acknowledgment Number.
Step 6: View your income tax refund status and the particulars against each date and status listed.
NSDL Portal
Step 1: Visit the NSDL website, click here.
Step 2: Enter your Pan, the Assessment Year and the captcha and click on submit.
Step 3: View your refund status on the screen that appears.
In just a few simple steps, you can check your Income Tax refund status online.
It is an extremely effortless task for you to check your income tax refund status online with these simple steps.
Disclaimer :ICICI Securities Ltd.( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470. Please note, filing of tax related services are not Exchange traded products and I-Sec is acting as a distributor to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. The content is solely for informational and educational purpose. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.
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