Many taxpayers are quite adamant about their Income Tax Refund and in the middle of the process, they forget to check their Income Tax Refund Status. Once you claim Income Tax Refund, you should check your Income Tax Refund Status. The tax refund is generally provided in two different ways: –
- · Refund in form of RTGS / NECS: To get direct credit of the refund amount to the bank account of the taxpayer, the taxpayer’s correct bank A/c (at least 10 digits), MICR/ IFSC code of the bank branch and required communication address is mandatory.
- Refund in Paper cheque: The standard paper cheques whenever issued require the current bank account no and the correct address of the taxpayer as mandatory information.
Here’s how you can check you Income Tax Refund Status: –
There is an online facility to track your Income Tax Refund Status, which is offered by Income Tax Department.
Taxpayers can check the status of their refund within 10 days after they send the refund. You will be required to enter your PAN number and choose the year of assessment to track your Income Tax Refund Status.
You must finish your income tax e-filing process to get your Income Tax Refund.
To check your Income Tax Refund Status Online, you are required to follow the steps that are mentioned below:
Step 1: Log in to the official website of Income Tax Department for e-filing using your User ID, Date of Birth or Date of Incorporation, Password and Captcha.
Step 2: Visit ‘My Account’ and then click on ‘Refund/Demand Status’.
Step 3: The details below will be displayed:
- · Assessment Year
- Reason (For failure of refund, if any)
- Mode of payment
Finally, you will have to click on status to get your Income Tax Refund online.