How to Check Income Tax Refund Status

Waiting is always tiring. In this covid pandemic scenario people are worried about there income tax refund a lot. As the refunds are coming at snail speed, the anxiety among assesee is increasing day by day. Many a times it is really annoying to call consultants and tax associates to asks for the refund update. I have been regularly receiving calls from people asking about there refund status for F.Y. 2019-20. With this blog I would like to share the process through which anybody can know about his income tax refund in a very simple and easy process. Will explain you the related facts and process in the most simplest way so that a common person can very easily understand.

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If you wish to see the complete process of finding the income tax refund status with live example go to the video link :  https://youtu.be/n-_dWBgnOd0

What is Income Tax Refund ?

In simple words, Income tax is a statutory liability of the citizen of the country towards government for earning income, which accrue or arise by any source within the country. Against the income arising in the country the income earner (called as assessee) has to pay tax to the government.

“TDS” stands for tax deducted at source and “TCS” stands for tax collected at source.  As per respective provision of the Income Tax act, the payer of the income has to deduct tax from the earning of the payee on behalf of assesee (payee) and deposit it to the government in the form of TDS. TCS is a tax collected by the seller of specified commodities (specified in the Income Tax Act) and paid to the government. I will do come out with a separate blog over TDS and TCS very soon as it a huge topic to cover and explain.

The assessee whose income is subject to TDS and TCS, if does not have a taxable income files income tax return and claim the tax deducted for the financial year in return from the government.  This claiming of excess tax deducted from the income of the assessee in return is called as Income Tax Refund.

How to get Income Tax Refund ?

In order to get your income tax refund you have to file your income tax return for the financial year.

How to Check Income Tax Refund Status ?

After filing your income tax return when the refund is issued can be seen by tracking Income Tax Refund Status. You can do so by following the below simple process :-

Step 1 : Go to www.tin-nsdl.com

Step 2 : Service Menu

At the home page, go to the menu bar and click over “Services” menu.

Step 3 : Status of Tax Refunds Menu

From the Drop-down Menu, Select “Status of Tax Refunds” and wait for the next page to appear.

Step 4 : Status Tax Refund

From the page appearing on the screen. Go to “Status Tax Refunds” and click over “Refund Tracking”. And wait for the page to appear.

Step 5 : Refund Tracking

From the Refund Tracking screen. Go to Taxpayer Refund (PAN) and click over “Proceed”

As we are tracking our own refund status and we are tax payer that is why we are selecting the respective option. And additionally we are tracking our Refund on the basis of PAN (Permanent Account number) so it’s a PAN base search.

Step 6 : Fill in PAN no and Assessment Year

In the “Refund Tracking” screen, fill in your PAN no and Assessment Year. Assessment year should be the one for which you want to know the refund status.

Now, fill in the Captcha Code in the space provided. Fill the Captcha code same as it is shown at the time. Putin the no and alphabets as they are appearing, like be very careful about form of letter i.e. they are capital letter and small letter. As the Captcha code is case sensitive.

Click over “Proceed”

Step 7 : Status of Income Tax Refund

Your Status of Income Tax Refund will be shown. It will mention :

1. PAN – It will show your PAN.

2. Assessment Year - Assessment Year for which Income Tax Refund status is shown.

3. MODE of payment – It will show mode of payment :

        > Direct Credit – this means direct credit to your bank account linked with PAN.

        > NECS – National Electronic Clearing Services is electronic fund transfer.      

4. Reference no -  It the refund transaction reference no.

5. Status – This shows the exact status of refund with additional comments. It mostly have following comments :

I. Refund is already credited to your bank, please contact your bank

II. Account has been closed - Electronic credit rejected by the bank of the assessee as the account number provided to the ITD has been closed. Contact your assessing officer for change in account details and fresh release of refund

III. Account has been closed - Electronic credit rejected by the bank of the assessee as the account number provided to the ITD has been closed. Contact your assessing officer for change in account details and fresh release of refund

6. Account -  It is the account to which refund is transferred. This is the bank account linked with PAN and chosen for refund purpose (if more then one).

7. Date -  It is the date on which refund is provided to you. This will be the date of transfer of refund to your bank account.

This is how you can check your income tax refund status. Don’t forget to like, subscribe my blog. Do share with friends and family the useful information. 

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Disclaimer :

The above blog is purely for educational and  guidance purpose. It's just the reflection of the author's personal experience and judgment. The author has just provided the general information & understanding and its not at all an alternative of any legal advice or practitioner. The content stated in the blog should be used by the reader at his own discretion and sole responsibility. The content of the blog can be only used for any other document, write-up, article, blog and any written or printed material whether on paper or digitally in any form, with the prior permission of the author.