Check ITR Refund Status

An income tax refund is the amount returned to a taxpayer by the government when they have paid more income tax than required for a particular financial year. This excess payment can occur through various means such as tax deductions at source (TDS), advance tax payments, or self-assessment tax. Situations leading to overpayment include claiming excessive deductions or having tax liability reduced through exemptions, deductions, or tax credits. when taxpayers file their income tax returns, the tax authorities assess their actual tax liability based on the declared income and deductions. If this assessed liability is less than the tax already paid, the difference is refunded to the taxpayer. It's important to complete the e-filing process to receive your income tax refund.

To claim an income tax refund, you must file your income tax return (ITR) and provide all necessary information about your income and taxes paid to the Income Tax Department. After your ITR is processed, if there is any excess tax paid, you will receive a refund. The refund will be either directly credited to your bank account or sent as a cheque to your registered address. You can track the status of your income tax refund online through the Income Tax Department's website.

Through the Income Tax Department's Website

To begin, visit the Income Tax Department's official e-Filing portal and log in using your PAN, password, and Captcha code. Once logged in, navigate to the "My Account" section and click on "Refund/Demand Status." Select the relevant assessment year to access detailed information regarding your refund, including the date of issue, mode of payment, and any reasons for delay.

through the TIN NSDL Website

Alternatively, you can check your ITR refund status via the TIN NSDL website. Simply visit the TIN NSDL website and provide your PAN, select the assessment year, and complete the Captcha code. Proceed to view the status of your refund. This method offers a convenient online platform to access your refund details.

Contacting the Income Tax Helpline for ITR Refund Status

For personalized assistance, consider reaching out to the Income Tax Department's helpline. Dial 1800-103-4455 or 1800-180-1961 to connect with the Centralized Processing Centre (CPC). Ensure you have your PAN and assessment year details readily available when you call. The helpline staff will guide you through the process and provide updates on your refund status.

Will I also get any interest for the delayed refund?

The Income Tax Department ensures timely refunds by providing a simple interest rate of 0.5 percent per month for delayed refunds. For refunds resulting from TDS/TCS/Advance Tax, the interest is calculated at 0.5% for each month or part of a month from April 1st of the relevant Assessment Year until the refund is granted, provided the return is filed on time, i.e., on or before the due date. However, if the return isn't filed within the due date, interest accrues from the date of filing the return to the refund grant date. Importantly, if the refund is less than 10% of the tax determined under assessment or in intimation u/s 143(1), no interest is granted.