An income tax refund status refers to the current position or stage of the processing of your income tax refund by the Income Tax Department of the Government of India. It allows you to monitor the progress of your refund claims, ensuring that any excess tax paid to the government is returned in a timely manner. Understanding the status of your income tax refund helps you stay informed about the processing of your claim and ensures a hassle-free financial experience.
An income tax refund in India is a sum of money that the government pays back to you if you have overpaid your income tax. This can happen for a number of reasons, such as:
You made tax deductions for which you are eligible but did not claim on your Income Tax Return (ITR).
You have paid more tax than you actually owed due to a mistake on your ITR or an error by the tax authorities.
You have overpaid tax on certain types of income, such as interest income or dividend income.
Formula for Income Tax Refund:
Income Tax Refund = Income Tax Paid
Through various methods (e.g. Advance Tax, Tax Deducted at Source (TDS), Tax Collected at Source (TCS) or Self-Assessment Tax) – Total Tax Liability on the taxable income of the current year.
To claim an income tax refund, you must file an Income Tax Return (ITR) with the Income Tax Department. The ITR will show your income, deductions, and tax paid for the financial year. If you have overpaid your tax, the tax authorities will issue an income tax refund. After e-verifying your return, the tax department usually initiates the refund within 4-5 weeks.
There are two ways to check your income tax refund status for FY 2022-23 (AY 2023-24):
TIN NSDL website
Income Tax E-Filing 2.0 Portal
Let us learn about both the methods in the following sections.
Follow the steps mentioned below to check the online tax refund status:
Step 1: Go to the TIN NSDL website
Step 2: Enter your PAN number and assessment year
Step 3: Enter the captcha code
Step 4: Click on "Proceed."
Step 5: Your income tax refund status will be displayed on the screen
To check your income tax refund status on the e-filing portal, follow these steps:
Step 1: Go to the e-filing portal homepage
Step 2: Enter your user ID and password
Step 3: Go to the e-File tab and select "Income Tax Returns."
Step 4: Click on "View Filed Returns"
Step 5: Now, you can check the refund status for the desired Assessment year.
Step 6: Click on "View Details", and here you can also check the life cycle of filed ITR.
To claim an income tax refund in India, you need to follow these three simple steps:
Step 1: File your income tax return (ITR) and ensure that you have declared all of your income and deductions correctly.
Step 2: Check your tax computation carefully before submitting your ITR.
Step 3: Once you finish e-filing your ITR, the website will compute your tax returns. If you have overpaid your income tax, you will be eligible for a refund.
Let us have a look at the various statuses and their meanings while checking your tax refund status from the table mentioned below:
Status | Meaning |
No Result found | Unable to check the filing status and e-verification for the provided PAN and Acknowledgement numbers. Please verify the correctness of the entered details. |
Refund is already credited to your bank | Refunds have been processed and credited to your Bank Account. |
Refund cheque has already been encashed | Income tax refund process is complete, and it has been credited to your Bank Account and encashed. |
Refund Not Determined | No refund has been determined after processing your Income Tax Return. |
Unable to credit refund due to incorrect account | The provided account number is incorrect. Please apply for a refund re-issue with the correct account number to claim your refund. |
Defective return u/s 139(9) or incomplete ITR | Your return may have been treated as a defective return. Check your income tax website account for details. |
ITR Processed but need to submit rectification | Mismatch in the calculation between the department and your filed ITR. You may receive an intimation from the department via email. |
Return submitted, Processing rights transferred | Your return will be processed by your Jurisdictional Assessing Officer (AO). Contact AO for more details. |
Pending for e-verification | Your return has been successfully submitted but not e-verified, which is necessary for processing by the income tax department. Verify within 30 days from the filing date. |
Processed with no demand/refund | Your return has been processed without any additional tax payable or refund due. Check the details from the intimation received under section 143(1) in your email. |
Processed with demand due | The Income Tax department has assessed your income, and a tax payable amount has been determined. Check the details from the intimation received under section 143(1) in your email. |
Processed with a refund due | Your refund claim has been forwarded to the refund banker for processing. Wait for the refund to be credited to the bank account provided during filing. |
Refund failure | The income tax department has sent a refund, but your bank details are incorrect. Place a refund re-issue request under "My Account" > Service > "Refund re-issue request" with the failure reason. |
E-Return has been digitally Signed | Your return has been filed successfully and digitally signed. |
Under Processing | Your Income-tax Return is still not processed but is under process. If you have e-verified or sent your signed ITR V by post, it will be processed by the department soon. |
Refund issued or Reissued | Your return and refund have been processed, and the refund has been credited to your bank account. No further action is needed. |
Invalid original return, File Revised Return | Your return has been treated as invalid. You need to file your return again. |
Return Processed, Rectification Rights Transferred | Your return has been processed, but for rectification, contact your Assessing Officer, as the rectification rights have been transferred. |
Return Processed, Refund Adjusted | If any previous amount is outstanding, the department will adjust it with the current year's refund, and an intimation under section 245 will be issued. Respond accordingly. |
ITR Accepted | Your ITR has been successfully received at CPC Bangalore and is pending for processing. |
ITR-V rejected | Your return may have been treated as a defective Return. |
Return Submitted and verified after the due date | Your ITR-V was received after the due date. File your return again. |
Successfully e-Verified after the due date | Your condonation request for E-verification was received after the due date. Your ITR is treated as invalid until it's approved by the department. |
Rectification processed with a refund due | Your rectification request has been processed, and a refund is generated. |
Rectification processed with no demand/refund | Your rectification request has been processed with no demand/refund due. |
Processed and partially refunded adjusted | If any previous year's demand is outstanding, the department may adjust it with the current year's refund. Respond to the section 245 notice accordingly. |
Under processing, the Original return is not considered | A revised return is under processing, replacing the original ITR. |
Another Return filed | You've filed another return. Check the status using the latest acknowledgement number. |
Refund Re-issue failure | Your refund re-issue request has failed due to incorrect details. Submit a new refund re-issue request. |
Rectification filed | Your rectification request has been filed and is under process. |
First, verify your Income Tax Return | Track the status of your income tax refund with the department. If you haven't received your refund, it could be due to a problem with your bank account or address details. In such a situation, make a "refund re-issue" request after receiving an "Intimation." |
Direct Credit to Bank Account: If you have e-filed your ITR, your refund will be credited directly to your bank account within 3-5 business days of the refund being issued.
Refund Cheque: If you have filed your ITR offline, you will receive a refund cheque by mail. You can expect to receive the cheque within 10-15 business days of the cheque being issued.
To calculate the interest on an income tax refund in India, you will need to know the following:
The amount of the refund
The date of the refund
The interest rate
To calculate the interest on your income tax refund, you can use the following formula:
Interest = Refund amount * Interest rate * (Date of refund - Date of filing) / 365
TDS is a tax that is deducted from your salary or other income by your employer or other payer. The payer then remits the TDS to the Income Tax Department on your behalf.
File your income tax return (ITR). You can file your ITR online or offline.
Ensure that you have claimed all of the deductions for which you are eligible. This includes deductions for house rent allowance, leave travel allowance, medical expenses, and education expenses.
Check your tax computation carefully before submitting your ITR.
If you have overpaid your income tax, you will be eligible for a refund.
You can track the status of your refund online using the Income Tax Department's e-filing portal.
Errors in your income tax return (ITR)
Missing supporting documents
Investigation by the Income Tax Department
Outstanding tax liability
A high volume of ITRs with the Income Tax Department
Technical problems with the Income Tax Department's e-filing system
Bank account verification issues
Incorrect bank account information provided in the ITR
Delayed mailing of refund cheques
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