ITR filing: How to check the status of your income tax refund online

Income tax refund: Once you file your income tax return (ITR) for a specific financial year, you are eligible to obtain a refund of any taxes you paid in excess of what you really owed. But the tax department will not release the income tax refund until it has processed your ITR and sent you an acknowledgment. The Income-tax Act of 1961, section 143 (1), authorizes the issuance of this communication. The current deadline for filing returns is July 31, 2024, for the financial year 2023–2024 (AY 2024–25).

The State Bank of India (SBI) processes the income tax refund, which is then directly transferred into the bank account that the taxpayer specified when they filed their ITR. As a result, it is essential to confirm that the IFS code and bank account number entered are accurate. It’s also crucial to link the PAN to the bank account and have the bank account pre-validated on the government’s new income tax e-filing platform.

How to track status of Income Tax Refund?

You can track the income tax refund on:
a) The new income tax portal or
b) The NSDL website

How to use the e-filing tax portal to check the status of your income tax refund?

The procedures listed below can be used to track the status of your income tax refund on the tax department’s e-file portal:

1. Go to www.incometax.gov.in and sign in with your password and PAN/Aadhaar number as user IDs.

2. Select the ‘e-file’ option after logging in. Choose “Income tax returns” under the “e-file” option, and then click “View Filed returns.”

3. Verify the most recent filed ITR. If you haven’t already, the most recent ITR for FY 2023–2024 will be for AY 2024–2025.

4. Choose the ‘View Details’ menu item. Once chosen, the filed ITR’s status will be displayed. The date of tax refund issuance, the amount reimbursed, and the date of clearance for any outstanding refunds for this AY will also be displayed.

Read Also: ITR filing 2024: Approved banks for tax payments, refunds, and additional

Reasons for failure of ITR refund

As per the Income Tax Department’s website, these are the reasons for the failure of refund:

You will receive a notice to link your PAN with Aadhaar and your refund request will be unsuccessful if your PAN is not active.
If the bank account not have been pre-validated. Pre-validating your bank account is now a must.
The name on the bank account does not correspond to the information on the PAN card.
If the IFSC code is not valid.
If the account you listed in your ITR has been closed.

Visit TIN NSDL to check the status of your tax refund

Checking the status of your income tax refund on the NSDL website is another way to keep track of it. Remember that the taxpayer has access to this website to check the status of their refund 10 days after the Assessing Officer sends it to the refund banker.

To trace your income tax refund on the TIN NSDL website, take the following actions:

Go to https://tin.tin.nsdl.com/oltas/refundstatuslogin.html to start the process.
Enter your PAN details
Choose the appropriate assessment year to see the status of your refund. The assessment year for FY 2022–2023 will be 2023–2024.
After entering the captcha code, press submit. A notification indicating the refund’s status will appear.

Read Also: Want to file ITR but your PAN card is inoperative? Here’s how you can do it

What’s meant by the status message?

The status of your income tax refund will determine the message you receive. One of the following will be the message that appears:

Refund is credited: This notification will appear if the income tax refund has been successfully credited to your bank account. The last four bank account digits, reference numbers, and the reimbursement date will also be displayed.

In case refund is not credited to your bank account, then you can:

Write a letter and send it to: State Bank of India at Survey No.21 Opposite Hyderabad Central University, Main Gate, Gachibowli, Hyderabad -50001.
Send an email to [email protected]
Call the SBI call centre at 18004259760\

Return Returned: If your income tax return not be credited to your bank account, a message will appear. The incorrect IFS code or bank account number, as well as an account that has been inactive or dormant from lack of use, could be the cause of this.
Adjusted against outstanding demand of previous year: The income tax department has the authority to partially or fully adjust your current year’s income tax refund in relation to unpaid demands from the prior assessment year. Section 245 gives the tax agency complete jurisdiction to carry out its function. However, this kind of action can only be carried out following a written notification to the taxpayer of the intended course of action.

Read Also: Income Tax : 10 common mistakes to avoid while filing ITR in India

Reissue of income tax refund request

You can request a re-issue of your income tax refund via the new income tax site if the bank information you gave are wrong and your refund cannot be credited to your bank account. This is the only thing you can do in the event that your income tax refund credit is denied. Go to ‘Services’ and choose ‘Refund Reissue’ to start the process. To file the request, you must select the particular ITR for which the income tax refund was not credited, provide the accurate bank account information, and then double-check the data.