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Showing posts with label online view your Income Tax Refund though Income Tax Department of India. Show all posts
Showing posts with label online view your Income Tax Refund though Income Tax Department of India. Show all posts

Saturday, 5 August 2017

The 'Refund Banker Scheme,' which commenced from 24th Jan 2007, is now operational for Non-corporate taxpayers assessed in Delhi, Mumbai, Kolkata, Chennai, Bangalore, Bhubaneswar, Ahmedabad, Hyderabad, Pune, Patna, Cochin, Trivandrum, Chandigarh, Allahabad, and Kanpur.
In the 'Refund Banker Scheme,' the refunds generated by the processing of Income tax Returns by the Assessing officers/ CPC-Bangalore are transmitted to State Bank of India, CMP branch, Mumbai (Refund Banker) on the next day of processing for further distribution to taxpayers.
Refunds are being sent in following two modes: