When the amount of Income Tax paid by the taxpayer is more than the amount of Income Tax payable. Then the amount paid by the taxpayer in excess is known as Income Tax Refund. Refunds are processed by Income Tax Department after your Income Tax return has been processed.
For example, Mr. Jai paid Income Tax of Rs. 14,000/- but the amount of Tax payable was only Rs. 10,000/-. Thus, Mr Jai will get Income Tax refund of Rs. 4,000/-.
The taxpayer can check the income tax refund status on TIN-NSDL by simply providing their PAN at the TIN-NSDL website and the relevant assessment year.
Income tax refund status can be checked online by simply by providing your PAN and the relevant assessment year.
The official income tax e-filing portal no longer has an option to check on tax refund statuses.
Accordingly, your refund bank will credit Income Tax refund, after your Assessing Officer forwards your money to the linked bank account.
You simply check your refund status in just 5 easy steps:
1. Go to incometaxindiaefiling.gov.in and Enter User ID which is your PAN, Password and captcha code to log in. After login go to “My Account” and click on service request.
2. After clicking service request, select the request type- New Request and click submit button.
3. Select “Refund Reissue” from the dropdown and click submit button.