Income Tax Refund Status
The Income Tax Department offers an online facility for tracking your Income Tax Refund and its status. Taxpayers can view the status of refund 10 days after their refund has been sent. It is important to know the PAN and assessment year in order to check the status of the refund. There are two different ways by which you can check the refund online are mentioned below:
The two ways to check refund Status are:
- The Income Tax E-filing Portal
- The TIN NSDL Portal
How to Check Income Tax Refund Status through E-Filing Website?
Follow the given steps to get refund status via E-Filing Website:
Step 2: Enter the PAN, Acknowledgement Number, and Captcha Code.
Step 3: Click on 'Submit' to check the status of your refund.
You can also login to your account on the official website of the Income Tax Department to check the status of your refund.
How to Check Income Tax Refund Status through TIN NSDL Website?
Follow the given steps to get refund status via TIN NSDL Website:
Step 1: Visit official website at https://tin.tin.nsdl.com/oltas/refund-status-pan.html.
Step 2: Enter the PAN, Assessment Year, and Captcha.
Step 3: Click on 'Proceed' to check the status of the refund.
What are The Different Types of Income Tax Refund Status?
Income Tax Refund Staus | Meaning | Steps to Follow |
Not Determined | The income tax department has not processed your tax return because the amount refundable has not been determined. | Recheck your income tax refund status after one week |
No e-filing for this assessment year | This would mean that you have not filed your income tax return. It could also mean that you filed it manually. | |
Refund Paid | This means that your income tax refund has been transferred back to your bank account. | You can always contact the bank or post office if you haven't received any money. Contact your bank if you decided to use direct debit from your account. If you choose "return by check," you must trace the check using the postal tracking reference number. |
ITR Proceeds determined, and sent to Refund Banker | This means that your income tax refund has been processed. | You will have to wait for some time before the amount is credited to your bank account. You can always to get more details on your refund. You can also log in to the income tax department website to check the same. |
Refund unpaid | The status implies that the income tax department has not delivered your refund. | You must double-check your account number and address. Enter the necessary corrections on the required pages of the official website of the income tax department. You can also submit a request for a refund reissue. |
No Demand No Refund | This means the tax amount deducted is correct and the tax department does not have to refund any amount to you. | You can revise your income tax return and also include the deductions that you may have forgotten while filing. Make sure to crosscheck the tax calculation with the income tax calculator. |
Demand Determined | This status means that your demand for a refund has been rejected by the income tax department as their calculation shows that you need to pay more tax. | You have to crosscheck your e-filing record and also verify the information. If you need to pay more tax, you should do so before the deadline. |
Contact Jurisdictional Assessing Officer | The income tax department requires a few clarifications on your income tax return details. | You will have to contact your jurisdictional Assessing Officer |
Rectification Proceeds, refund determined, sent out to refund banker | The rectified income tax refund request has been accepted by the income tax department. | You will have to wait for a few days and then check your refund status. |
Rectification Proceeded on, No Demand No refund | Your request for rectification has been accepted but there is no demand or refund. | You do not have to pay the income tax department any money. The income tax department also does not have to pay you any amount. |
Rectification proceeded, demand determined | The rectified income tax refund request has been accepted. You still have to pay more tax. This will have to be paid within 30 days of this notice. | You will have to crosscheck your efiling. |
Interest for the Delayed Refund
The Income Tax department takes the responsibility of granting a simple interest @ 0.5 percent per month to compensate for the delayed refunds .In the case of refund arising out of TDS / TCS / Advance Tax – Interest is calculated @0.5% for every month or part of a month for a period starting on 1st April of the relevant AY till the date of grant of refund, in case the return is filed on time i.e., on or before the due date. However, if the return is not filed within the due date the period of interest shall be from the date of filing the return to the date of grant of refund.In this case, if the refund is less than 10% of the tax determined under assessment or in intimation u/s 143(1), then you are not entitled to any interest.
In the case of refund arising out of self-assessment tax u/s 140A – Interest is calculated @0.5% for every month or part of a month for a period starting from the date of filing of return or payment of tax, whichever is later to the date of grant of refund. In this case also, if the refund is less than 10% of the tax determined under assessment or in intimation u/s 143(1), then you are not entitled to any interest.
In case of variation in the amount of refund – Where, as a result of an order u/s 143(3) / 144 / 147 /
154 / 155 / 250 / 254 / 260 / 262 / 263/ 264 or an order of the Settlement Commission u/s 245D (4), the amount of refund payable has been increased or reduced, then the amount of interest shall be increased or reduced accordingly. The assessing office may issue a demand notice for recovery of excess interest paid in a case where the interest is reduced.
In any other case – Interest is calculated @0.5% for every month or part of a month for a period from the date of payment of tax to the date of grant of refund. Suppose, Ms. Gupta has paid advance taxes of Rs. 50,000 over the year when she was actually liable to pay a tax of Rs. 30,000 only, then, in that case, she is entitled to a refund of Rs. 20,000/- along with the interest @0.5%. Let’s say, that Ms Gupta filed her return on 5.09.2019 i.e., after the due date and the refund of Rs. 20,000 is received by her on 30.11.2019, then, the interest payable shall amount to Rs. 300/-. (Rs. 20,000 x 0.5% x 3 months)
Notes: Interest on Refund in case of Appeals/Revision of IT order In case, any refund arises out of Income Tax Appeal or revision of passed orders, then you are entitled to additional interest over and above the one specified earlier, for delay beyond the time prescribed by the department (3 months from the end of the month in which the appellate order is received by the PCCIT/ CCIT / PCIT/ CIT or in case of revision, 3 months from the end of the month in which the order is passed by the PCCIT/ CIT) @ 3 percent per annum for the period beginning from the date following the date of expiry of prescribed period till the income tax refund date.
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Created & Posted By Aashima Verma
Accounts Executive at TAXAJ
TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you with a One-Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/Business, Trademark & Brand Registration, Digital Marketing, E-Stamp Paper Online, Closure of Business, Legal Services, Payroll Services, etc. For any further queries related to this or anything else, visit TAXAJ
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TAXAJ Corporate Services LLPAddress: 1/11, 1st Floor, Sulahkul Vihar, Old Palam Road, Dwarka, Delhi-110078
TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you with a One-Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/Business, Trademark & Brand Registration, Digital Marketing, E-Stamp Paper Online, Closure of Business, Legal Services, Payroll Services, etc. For any further queries related to this or anything else, visit TAXAJ
Watch all the Informational Videos here: YouTube Channel
TAXAJ Corporate Services LLP
Address: 1/11, 1st Floor, Sulahkul Vihar, Old Palam Road, Dwarka, Delhi-110078
Contact: 8961228919 ; 8802812345 | E-Mail: connect@taxaj.com
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