Income tax refund checking status online

Income Tax Refund; 

Step-by-Step Guide to Checking Status Online

When an individual has paid more taxes than their actual liability in a given fiscal year, they are entitled to a tax refund. To claim a refund, it is necessary to request it in your income tax return (ITR) for that specific year.

For the fiscal year 2022-2023, the season for filing ITRs is currently underway, offering both online and offline options. Taxpayers have until July 31st to submit their ITRs, but filing it sooner increases the chances of receiving the tax refund faster.

Once you have filed and verified your income tax return on time, the average waiting period for an income tax refund is typically between 20 to 45 days after the ITR has been processed. However, according to recent statements by CBDT Chairman Nitin Gupta, the income tax department has significantly reduced the average turnaround time for granting refunds. In the fiscal year 2022-2023, approximately 80% of refunds were issued within the first 30 days after the return filing.

1. To check the status of your income tax refund online, follow these step-by-step guidelines: 
2. Visit the official website of the Income Tax Department of India (www.incometaxindiaefiling.gov.in).
3. Log in to your account using your registered user ID (PAN) and password.
4. Once logged in, navigate to the 'Dashboard' or 'My Account' section.
5. Look for the option 'View Return/Forms' and click on it.
6. Select the relevant assessment year for which you have filed the ITR.
7. Under the 'ITR-V/Receipt Status' tab, you will find the status of your income tax return.
8. If your return has been processed, the refund status will be displayed. It will indicate whether the refund has been initiated, processed, or if any issues or discrepancies have been identified.
9. If the refund has been initiated and processed, you can further check the mode of refund (direct bank transfer, cheque, etc.) and the refund amount.

In case there are any issues or discrepancies, you can follow the provided instructions or contact the Income Tax Department helpline for assistance.

It is important to note that the online status may not be immediately updated, so it is advisable to check periodically for any changes or updates regarding your income tax refund.

By following these steps, you can easily check the status of your income tax refund online and stay informed about the progress of your refund request.

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