Refund status tin nsdl

Have you ever heard of an income tax refund? It’s when the government gives back some of the money you paid in taxes because you overpaid them. It’s like finding money that you didn’t know you had! But did you know that many people don’t even know they are eligible for a refund or know how to claim it? That’s like leaving money on the table! So today, we will talk about how to check if you are owed a refund and claim it. • • • • • • • • • • • • • • • • • • • • What is Income Tax Refund? Income tax is a tax that people have to pay on the money they earn from their jobs, businesses, or investments. When you file your Income Tax Return (ITR), you tell the government how much money you earned and how much tax you paid on that income. Now, sometimes people end up paying more tax than they owe. This could be because they made a mistake while calculating their tax liability or because they are eligible for certain deductions and exemptions. In such cases, the Indian government refunds the excess tax paid to the taxpayer. So, an income tax refund is the money the government gives you when you have paid more tax than you owe. The income tax refund is noted under sections 237 to 245 of the Income Tax Act of 1961 (I-T Act). The income tax department sends the individual an intimation notice of the excess tax paid by them, and the individual would be eligible to claim the refund. The process of claiming the refund is easy. The refund usually takes 20-45 days after ITR is processed and...

E-filing of income tax return (ITR) has not only made the process easier, but also reduced the time taken for refunds. This year, the tax department has started the facility of electronic verification of ITR for assessment year (AY) 2015-16 through an electronic verification code (EVC). According to the department’s website, around 3.5 million e-returns for AY 2015-16 have already been verified through EVC. As on 7 September, about 4.5 million returns of AY 2015-16 have been processed, and more than 2.2 million taxpayers have got their refunds. If you are awaiting your tax refunds, you can track its status. If excess income tax has been deducted, you are eligible to claim a refund. This could be because of extra tax deducted at source (TDS) either by your employer or banks. Banks deduct TDS on interest earned on fixed deposits if it exceeds 10,000 a year. For claiming a tax refund, you have to file ITR. If you have missed the deadline of 7 September 2015 for last FY, you can file a belated return. You can do so within a year from the end of the AY in which the return was to be filed. So, for FY2014-15 (i.e., AY2015-16), you can file your ITR by 31 March 2017, and claim the refund of excess taxes paid. WHERE CAN YOU CHECK? You can track the status of your refund on www.incometaxindia.gov.in or www.tin-nsdl.com. Click on “Status of Tax Refunds" tab, enter your permanent account number (PAN) and the AY for which you want to track the refund. The message will show mode of paym...

Taxpayers may claim any excess payment of tax by submitting an income tax return (ITR) to the Income Tax (I-T) Department. Those who submitted income tax returns (ITRs) for FY 2021–22 have now either received or are expecting their ITR refunds since the deadline for ITRs for AY 2022–23 has passed. The cut-off date for taxpayers whose ITRs need to be audited is October 31, 2022. Those who have submitted their ITRs for AY 2022-23, whose ITRs do not need to be audited, are therefore entitled for an ITR refund. After 10 days of ITR filing, the income tax department allows taxpayers to check the status of their refund. Taxpayers who submitted their ITRs more than 10 days ago and are still waiting for their ITR return status can check the same at incometaxindiaefiling.gov.in or at the National Securities Depository Limited (NSDL) e-governance website, tin.tin.nsdl.com. Here's how to check the ITR refund status at income tax e-filing portal: 1) Visit the e-filing website and log in to the account using your user ID (PAN) and password 2) Click on “View Filed Returns” after selecting “Income tax returns” 3) Check the most recent ITR submitted 4) The status of the ITR filed will be displayed if you choose the “View Details” option 5) You can find the “Status of Tax Refunds” tab. The payment method, a reference number, the current status, and the reimbursement date will all be listed in the message Here's how to check the ITR refund status USING PAN number: 1) Go to the NSDL website ...

If you have paid higher If the tax department determines, after processing your ITR, that a refund is payable to you, an intimation is sent to you via SMS and email. The intimation received by you shows the amount of refund that will be credited into your account along with a refund sequence number. An intimation is sent to you under section 143 (1) of the income tax Act. The refund is processed by the State Bank of India (SBI).The refund is sent to the taxpayer either by direct credit it into their account via RTGS/NEFT or by issuing a cheque or demand draft and sending it to the taxpayer's registered address. Do make sure that you have filled in the correct bank account details while filing your ITR as the refund will be credited to this account. However, from March 1, 2019 onwards, the tax department will only issue e-refunds to those bank accounts where PAN is linked and is pre-validated on the e-filing website. These are as follows: a) On the income tax e-filing website b) On the TIN NSDL website • On the e-filing website To check the status of your tax refund, you are required to take the following steps: 1. Visit website: www.incometaxindiaefiling.gov.in 2. Login to your account by entering these details: PAN, password and captcha code. 3. Click on 'View Returns/Forms' 4. Select 'Income Tax Returns' from the drop down menu and click on submit. 5. Click on your acknowledgement number, which is a hyperlink to the relevant assessment year on the system. For FY 2019-20,...

• Visit the TIN-NSDL portal Click on Services > Status of Tax Refunds option from the dashboard on the • Click on the “ Status of TDS Refunds” option It is under the “Status Tax Refunds” section. • Enter the TAN, Assessment Year and Captcha Code On the “Refund Tracking” page. Click on the proceed to check the status. FAQs 2. Whom do I contact if the refund dispatched has not been received? The refunds dispatched through the speed-post can be tracked by the tracking number. This tracking number is provided on the refund status track view on TIN NSDL. The taxpayer can also contact the local post office with the tracking number as displayed on the TIN NSDL. 3. Why does the status of TIN NSDL show that interest has been deducted on my refund? The TDS u/s 195 had been deducted on interest income paid to NRIs at the time of determining refunds u/s 244A. For more details, you can contact the Assessing Officer of Ward where you have filed your return/CPC Bangalore in case of return filed online. image 771×289 14.3 KB Penalty Under Section 234E is levied in case you miss out on filling TDS return on time. The penalty of INR 200 per day is levied on the taxpayer till the day on which return is filed. Provided that the amount of Penalty should not exceed the number of TDS payable. Hope this helps! • Hi If you have already filed an online correction return by adding the correct challan details, you should wait for the department to process the same. If your correction gets processed s...

Refund Banker 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 on 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: • RTGS / NECS: To enable credit of refund directly to the bank account, Taxpayer.s Bank A/c (at least 10 digits), MICR code of bank branch and correct communication address is mandatory. • Paper Cheque: Bank Account No, Correct address is mandatory. Taxpayers can view status of refund 10 days after their refund has been sent by the Assessing Officer to the Refund Banker - by entering 'PAN' and 'Assessment Year' below. Other Refunds Status of 'paid' refund, being paid other than through 'Refund Banker,' can also be viewed at www.tin-nsdl.com by entering the 'PAN' and 'Assessment Year' below. 'Refund paid' status is also being reflected in the 'Tax Credit Statements' in Form 26AS.