Download
iLearn application
Elevate Your Financial Knowledge with the
ICICI Direct iLearn App
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.
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:
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.
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
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.
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.
Gold is one of the world's most actively traded precious metals and is widely used for investment, jewellery and industrial applications. It is also considered a safe-haven asset during periods of economic or market uncertainty.
In this article, we’ll explore the three exchanges that matter most: NYMEX, COMEX, and the London Metal Exchange (LME) and their link with MCX.
Explore the meaning of a mainboard IPO, SEBI's eligibility routes, NSE and BSE listing rules, key benefits, and the checks investors should make before applying.