ITR Series: Day 19: How to Claim a Refund and Track It

Today, we focus on something that brings a smile to every taxpayer’s face and every taxpayer looks forward to — getting a tax refund. If you’ve paid more tax than what you actually owed, the good news is: you can get your money back — and here’s how!

What Is an Income Tax Refund?

An income tax refund is the money returned by the Income Tax Department when you’ve paid more tax than your actual liability. This excess can come from TDS (Tax Deducted at Source), advance tax, or self-assessment tax.

When Can You Claim a Refund?

You are eligible for a refund if:

• The TDS deducted is more than your actual tax liability.
• You paid advance tax or self-assessment tax in excess.
• You didn’t claim eligible deductions or exemptions during TDS deduction.
• You’re eligible for relief under the Double Taxation Avoidance Agreement (DTAA).

How to Claim a Tax Refund in India

You don’t need to submit a separate application for a refund. Just file your Income Tax Return (ITR) correctly and the system does the rest.

Step-by-Step Guide:

1. Log in to the Income Tax e-Filing Portal: https://www.incometax.gov.in/iec/foportal/
2. Choose the Right ITR Form: Based on your income type (salary, business, capital gains, etc.), select the correct ITR form.
3. Fill in All Income, Deductions, and Taxes Paid: The portal will automatically compute your refund if excess tax has been paid.
4. Provide Valid Bank Details:
   • Ensure the bank account is pre-validated and linked to your PAN.
   • This is essential for direct credit of the refund.
5. E-Verify Your Return:
   • Use Aadhaar OTP, Net Banking, or an EVC.
   • No refund is processed unless the return is verified.

How to Track Your Refund

Once your ITR is filed and verified, here’s how to track your refund status:

✅ Method 1: Through the Income Tax Portal

1. Go to e-File > Income Tax Returns > View Filed Returns.
2. Click “View Details” for the relevant assessment year.
3. Scroll down to check refund status and mode of credit.

✅ Method 2: Via TIN-NSDL Portal

1. Visit: https://tin.tin.nsdl.com/oltas/refund-status-pan.html
2. Enter your PAN and Assessment Year.
3. Click “Submit” to view your refund status.

How Long Does It Take?

• Refunds are typically processed within 20–45 days after your ITR is verified and processed.
• Some refunds may take longer due to discrepancies or verification issues.

Common Reasons for Refund Delay

• Bank account not validated or incorrect details.
• Return not e-verified.
• Mismatch in TDS or income details.
• ITR selected incorrectly.
• Refund under process or under review by CPC.

💡 Pro Tips

• Double-check your bank details and PAN linking before submitting your return.
• Always e-verify the return immediately after filing.
• Keep an eye on email and SMS notifications from the Income Tax Department.

🎯 Final Thoughts

Getting a tax refund is simple and streamlined, only if your ITR is filed correctly and timely. With the right preparation and attention to detail, your refund could be in your account faster than you expect!

Stay tuned for Day 20 in our ITR Series as we approach the final stretch! ✅