How to Check Income Tax Refund Status

  • Blog|Income Tax|
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  • By Taxmann
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  • Last Updated on 22 March, 2021
A taxpayer is eligible to get income-tax refund if the amount of tax deposited by him is more than his actual tax liability. Income-tax refund status can be checked after filing of return of income (ITR). The status can be checked on both Income Tax department website as well as TIN NSDL website. You can check status using your registered PAN by logging on to:
 
 

The Process of Income Tax Refund:

Refund arises when aggregate of Advance-tax, Self-assessment tax and TDS is more than what a taxpayer is actually required to pay to on taxable income. Refund becomes due only when the taxpayer files his Income-tax return (ITR) and verifies it through Aadhaar Based OTP, EVC or by sending the signed copy of Acknowledgement to CPC Bengaluru. Refund is paid when ITR is processed and claim of refund is accepted by the department. Refund is generally credited directly in your bank account if you furnish complete details of your bank account in the ITR.   

Income tax refund

I would also like to tell you that the taxation refunds are made in two distinct ways including:

RTGS/NECS:

To directly credit the refund money into the taxpayer’s bank account, the government requires the bank account number of the taxpayer as well as the IFSC code of the branch to which the account belongs to.

Paper cheque:

Through a paper cheque wherein the taxpayer’s existing banking account number and the correct communication address are required.

Refund claim displayed in your ITR:

 

Refund can be claimed only by filing ITR. If you fail to file ITR, your refund will not be credited to your account even though you have deposited more tax than you were actually required to pay to the government. Once you fill all required data in the ITR form, you have to validate the ‘Taxes paid verification’ sheet and the system will automatically calculate the amount of refund, if any, payable to you. This amount will be shown in the ‘Refund’ row.  Your return will not be processed until you verify the ITR. Filing process is completed only at the verification of the return. Once the verification is complete, return is processed by the department. Processing determines the eligible refund due to the assessee. When the processing is completed, an intimation under section 143(1) is sent to taxpayer showing the amount of refund granted as per the calculations done by the department. Intimation can show one of the following:-

1. Your calculation matches with that of done by the department and refund is accepted by it;
 
2. You calculation has minor mismatch with that of the department and refund is granted lesser than what was claimed; 
 
3. Your calculation does not match with that of the department, and tax is payable in your hands;
 
4. Your calculation does not match with that of the department, and no refund is due to you;
 
If you wish to garner more knowledge around the process of filing return and refunds, it is important that you turn to leading tax resources and subscription services such as Taxmann.
 
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