The Income Tax Department will deposit your refund exclusively into the bank account you specified during the ITR filing process. Ensure that the bank account details you provide are pre-validated on the income tax e-filing portal to facilitate the successful transfer of the refund by the department.
Tracking the status of your income tax refund online is now easy.
The deadline for submitting your Income Tax Return (ITR) for the financial year 2023-24 (Assessment Year 2024-25) is July 31, 2024. Timely filing is crucial to ensure you can claim any eligible tax refunds. Several online resources, such as the Income Tax Department’s website, are available to assist you in filing your ITR.
Step-by-Step Guide to Check Income Tax Refund Status Online
- File Your ITR: Submit your Income Tax Return by the deadline, ensuring all details are accurate.
- Complete E-Verification: After submitting your ITR, complete the e-verification process using methods like Aadhaar or Net Banking credentials.
- Pre-Validate Your Bank Account: Ensure the bank account details (such as account number and IFSC code) linked to your Permanent Account Number (PAN) are pre-validated on the income tax e-filing portal.
- Check Notification: Once your ITR is processed, you will receive a notification verifying the processing and any possible refund amounts.
- Monitor Refund Status:
- Visit the Income Tax Department’s website: www.incometax.gov.in
- Log in using your credentials.
- Navigate to ‘View Refund Status’.
- Enter your PAN and assessment year details to track the refund status.
Receiving Your Tax Refund
The department will start transferring the money to your pre-validated bank account if the notice indicates a tax refund. After e-verification, this procedure usually takes four to five weeks.
Requirements for Successful Deposit
- Pre-validated Bank Account: Refunds are transferred only to pre-validated bank accounts.
- Accurate Bank Account Information: Ensure the details you provide during ITR filing match those of the pre-validated account.
Actions if Refund is Not Received
If you do not receive the refund within the anticipated period (typically four to five weeks after e-verification), consider the following actions:
- Review for Errors in ITR: Check for any inaccuracies or miscalculations in your filed ITR.
- Monitor Email Notifications: Look out for emails from the Income Tax Department providing updates on your refund status.
- Use Online Refund Status Tracker: Utilize the refund status tool on the Income Tax Department’s website.
Further Steps if Issues Persist
- Contact CPC Helpline: Contact the Central Processing Centre (CPC) for inquiries about your refund status.
- Submit a Grievance on the E-Filing Portal: Lodge grievances regarding your tax returns or refunds via the e-filing portal for resolution.
By following these steps, taxpayers can efficiently monitor the status of their income tax refund and manage any delays in receiving their entitled amount.
