The Income Tax Refund is issued after your ITR is processed. The Income Tax Department usually takes 3 – 6 weeks from ITR verification to issue the income tax refund. However, the processing time may vary depending on the ITR type and complexity. Enter your ITR acknowledgment number in the check Income Tax Refund refund tool and check your IT refund.
What to do if Income Tax Refund is returned?
If your income tax refund status is ‘refund returned’ then it means when ITD had tried to credit the refund to your bank account, but it failed. In such a case you are required to submit a refund reissue request from the income tax e-filing website. You also need to make sure your bank account is pre-validated.
What if Income Tax Refund is delayed?
In case the income tax refund is delayed, you are eligible to receive interest at 6% p.a. However, if your refund is less than 10% of the total taxes paid then, you are not eligible for interest on the income tax refund.
How to check IT Refund Status for 2021 in India?
To check the Income Tax Refund status, use your PAN and Assessment Year (AY). For Financial Year FY 2020-21 the select AY 2021-22. You will be shown the refund status for your Income Tax Return, there are nearly 7 different types of income tax refund statuses.
How to check if the Income Tax Refund is issued or not?
While checking your income tax refund status, if the details of the income tax refund / IT refund are displayed then it means income tax refund is issued. You can see the mode of payment for the refund and the date of refund credit.