Taxexcel: How to Check Income Tax Refund Status through Online

Friday 13 November 2015

Check Your income tax refund status online

Click to this link Tax Information Network of the Income Tax Department of India. You will find a rectangular submission form at the end of the page.

To check your tax refund status online, fill in your Permanent Account Number (PAN) and the assessment year for which you want to track the income tax refund status for. Once you have entered the details and clicked on the submit button, you will get to know about the status of your income tax refund.

In most of the cases you might see this message.

This message indicates that your income tax refund has not been processed yet. Keep checking back, as I mentioned earlier, the Income Tax Department will take its own sweet time to process your tax refund.

If you have provided a bank account number for the refund to be deposited in at the time of filing your return, you will see the below status if you tax refund has been processed.

If the income tax refund status shows as processed, do check you bank statement to verify if the refund amount has been credited to your account

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Thursday 17 September 2015

In what could be a good news for lakhs of taxpayers, the Income Tax Department will now process and send refunds in a short time of 7-10 days as its latest technology upgrade of electronic and Aadhaar-based ITR verification has begun on a successful note.

The department’s latest initiative to verify an Income Tax Return (ITR) by Aadhaar or other bank database has received positive response from ITR filers because of which the taxman, for Assessment Year 2015-16, was able to process and send refunds to bank accounts of eligible taxpayers in less than 15 days time.

CLICK HERE TO CHECK YOUR INCOME TAX REFUND STATUS FOR ASSESSMENT YEAR 2015-16

“The days are gone when getting an I-T refund used to take months or in some cases even a few years. The new electronic verification e-filing system has proved to be very customer-friendly and as a token of thanks to the taxpayers, the department is working to ensure their refunds are sent in a week’s time or a maximum of ten days.

“This is surely the way forward in the administration of tax affairs in the country,” a top officer of the department involved in these operations said.

According to latest statistics, the department received 2.06 crore returns on its e-filing portal as on September 7, 2015 (last date for ITR filing), which is an increase of 26.12 per cent over the last year when 1.63 crore returns were filed online.
The department’s Central Processing Centre (CPC) as on September 7 processed 45.18 lakh returns and issued refunds to 22.14 lakh tax payers relating to assessment year 2015-16, it added.
During this period, the department electronically verified over 32.95 lakh e-returns.
The data added that peak filing rate touched 3,475 returns per minute this time as compared to 2,901 returns per minute last year.
As per some testimonials received by the department from taxpayers, also accessed by PTI, many have reported that they received their refunds in only 11 or 13 days time from the day of filing their ITR.