INCOME TAX REFUND

INCOME TAX REFUND

Many people are very ignorant about their income tax refunds. Even people are unaware that they can check the status of their income tax refund online. it is very easy to check refund of income online for this you required only PAN no and the assessment year on the site access the current position of the tax refund.

In order to check your Income Tax Refund Status Online, you are required to follow the steps below

1. Log in to the official website of e-filling with the User ID, Date of Birth or Date of corporation

   2. Visit My Account And Click On Refund / Demand Status.

   3. The Details below will be displayed.

• Assessment Year

• Status 

• Reason

• Mode Of Payment

If The Actual Tax Paid By a Taxpayer To The Government cumulatively more than the TDS, Self-assessment Tax and The Advance Tax then that taxpayer is eligible to get an Income Tax Refund.

How Income Tax Refund Is Processed-

Once Income Tax Return is filed by the taxpayer, it is Processed by the IT ( Income Tax ) Authorities at CPC, Centralize Processing Center In Bengaluru. While Processing The Income Tax Returns Forms If any tax reimbursement is payable to the taxpayer, the income tax refund orders are generated and transferred to the IT refund Banker.