Now that you have filed your income tax returns, you might be wondering when you will receive your income tax (I-T) refund. If you haven’t filed your return yet, you can still submit a belated return before December 31, 2024, by paying a penalty. For more information on filing a belated return, you can refer to this Livemint article.
Typically, the income tax department takes four to five weeks to issue a refund. If you do not receive your refund on time, it is essential to check the intimation received from the income tax department. There might be a query from the tax department or a rejection of your return due to incomplete information, so keep an eye out for any communication from them.
If you haven’t received any communication, you should check the status of your income tax refund. Here are the requirements and steps to follow:
Requirements to Check Income Tax Refund Status:
- User ID and Password: You need your user ID and password to log into the system.
- PAN Linked with Aadhaar: Your PAN must be linked to your Aadhaar.
- Filed ITR Claiming Refund: Ensure you have filed your income tax return claiming a refund.
also read : Income Tax Return Filings for AY 2024-25 Surge by 8% to 5 Crore
Steps to Check Your Income Tax Refund Status:
- Visit the E-Filing Portal: Go to the e-filing portal: eportal.incometax.gov.in/iec/foservices
- Log In: Enter your user ID and password to log in.
- Link PAN with Aadhaar: If your PAN is not linked with your Aadhaar, you will see a pop-up message. Click on the ‘Link Now’ button to link them, or click ‘Continue’ if they are already linked.
- Navigate to Refund Status: Go to the e-file tab > Income Tax Returns > View Filed Returns.
- Select Assessment Year: Check the refund status for the desired assessment year.
- View Details: You can view details and the life cycle of filed ITRs.
Possible Scenarios:
- Refund Issued: The status will indicate that your refund has been issued.
- Partial Refund Issued: The status will indicate that a partial refund has been issued.
- Full Refund Adjusted: The status will indicate that the full refund has been adjusted.
- Refund Failed: The status will indicate that the tax refund has failed.
By following these steps, you can stay informed about the status of your income tax refund and address any issues promptly to ensure a smooth refund process.