ITR Refund: An income tax refund is due to a taxpayer if he has paid higher taxes when compared to his actual tax liability. Check here the step-by-step guide to check the ITR refund status.
The Income Tax Department recently announced that it has issued refunds of over Rs 1.71 lakh crores to the bank accounts of more than 1.97 crore taxpayers across the country as of February 14, 2022.
In a tweet, the department said the CBDT issues refunds of over Rs. 1,71,555 crores to more than 1.97 crore taxpayers from 1st Apr 2021 to 14th Feb 2022. Income tax refunds of Rs. 63,234 crores have been issued in 1,95,17,945 cases &corporate tax refunds of Rs. 1,08,322 crores have been issued in 2,28,604 cases.
An income tax refund is due to a taxpayer if he has paid higher taxes when compared to his actual tax liability. When a taxpayer claims a refund for his return of income, the tax department processes such a return, and the taxpayer will receive an intimation from CPC under Section 143(1) which will confirm the quantum of refund that the taxpayer is eligible to receive.
There are two ways one can track their income tax refund status:
- On the income tax e-filing website
- On the TIN NSDL website
How to check Income Tax Refund status: Through an e-filing website
- Visit the income tax e-filing portal.
- Log in to the e-Filing website with a User ID, Password, Date of Birth / Date of Incorporation, and Captcha.
- Go to My Account and click on “Refund/Demand Status”.
- Select ‘Income Tax Returns’ from the drop-down menu and click on submit.
- Now click on your acknowledgment number, For FY 2020-21, the assessment year is AY 2021-22.
- A new webpage will appear on your screen showing complete details of your ITR filing – from the date of ITR filed to ITR processed and the date of issuing a refund.
Read more:Taxpayers alert! IT Dept asks taxpayers to complete THIS important work
How to check Income Tax Refund status: Through the NSDL website
- Click here, which takes you to the NSDL website to check the refund status.
- The screen below appears where you can feed in details of your PAN, the AY, and the image appearing on the screen, and then click on “Submit”.
