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Income Tax Refund - How To Check Income Tax Refund Status For FY 2023-24 (AY 2024-25)?

Updated on: Dec 9th, 2024

16 min read

An Income Tax Refund is issued by the Income Tax Department if a taxpayer has paid more income tax than was due for the financial year. Individuals/Businesses pay income tax through TDS deducted, advance tax on the basis of anticipated liability, or self-assessment tax which might exceed the actual tax liability. In some cases, an income tax refund can also arise in case the tax liability is reduced by claiming deductions, exemptions, set off of losses, or tax credits while filing the income tax return.

Post-filing, the Income Tax Authorities assess the taxpayer's tax liability. In case the tax liability assessed exceeds the amount paid, the excess tax paid is refunded to the taxpayer along with interest at 0.5% per month or part of the month (i.e. 6% per annum) until the date of refund.

In this blog, you will gain an understanding of the following:

Calculation of Income Tax Refund
Process to Claim Income Tax Refund
How to check the ITR refund status
Meaning of different status of refund
Taxability of income tax refund
Time Duration for a Tax Refund
Mode of receiving the refund
Interest on the Income Tax Refund
Process to claim a refund on missed ITR filing
Income Tax Refund Helpline

Check Your ITR Refund Status

Enter your PAN

Assessments Year (AY)*

Captcha

Below is the Refund Status for

PAN for Assessment

Year

No refund record has been found at present. Either there is no refund or the status is not updated by the income-tax department. In case you have not filed the return for this year, you can file now with us.

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Below is the Refund Status for
PAN for Assessment
Year

Account Number:

Assessment Year:

Date:

Mode of Payment:

PAN:

Reference Number:

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How to Calculate the Income Tax Refund with Example?

If you paid more taxes than you were required to pay, you can claim the additional amount as an income tax refund.

Income Tax Refund = Total Taxes paid – Total tax liability

If the taxes paid (either by way of Advance Tax or TDS or TCS or Self-Assessment Tax) are more than the actual tax amount due, then the excess tax paid can be claimed as a refund. The income tax department will recompute the taxes and validate the refund claim before initiating the refund.

For example: Assume Mr. Gupta paid 3 lakh as an advance tax during the financial year. At the end of the financial year, he learns his tax liability is only 2 lakh. He can request a refund by filing an income tax return (ITR). If the assessing officer approves his request, the excess tax amount of 1 lakh will be credited to Mr Gupta's pre-validated bank account.

3 lakh Advance Tax - 2 lakh Tax liability = 1 lakh Tax refund for Mr. Gupta

The excess amount will be refunded along with interest at the rate of 0.5% per month or part of the month. If the refund is received in September, then interest of Rs. 3,000 (1,00,000*0.5%*6) will also be credited to the bank account.

How to Claim an Income Tax Refund?

To get your income tax refund or TDS refund, all you need to do is file your Income Tax Return and declare your income, deduction and tax paid details to the Income Tax Department. Once the ITR is processed successfully and if there is any excess tax, it will be issued in your prevalidated bank account. Follow the process and file your ITR via Cleartax.

You have to finish E-filing to get your Income Tax Refund. Make sure to e-file this year to get your tax refund faster. Tax refunds are initiated by the tax department once you have E-verified your return.

Typically, it takes 4-5 weeks for the refund to be deposited in your bank account
If the refund is not received within this timeframe, you should consider these steps:
- Check intimation for any discrepancies or errors in your ITR (Login to e-filing portal > e-File > Income Tax Returns > View filed returns)
- Check your email for notifications from the Income Tax (IT) department regarding the status of the refund.
- Check the refund status using the methods provided below

How to Check your ITR Refund Status for AY 2024-25?

If you are concerned about your tax refund status, you can check the status of the income tax refund in three different ways, here are the methods listed below.

1. Through the Income Tax Portal

Step 1: Visit the income tax portal and log in to your account

Step 2: Click on 'e-File', choose 'Income Tax Returns' and then select ‘View Filed Returns’

Step 3: You can see the status of your current and past income tax returns.

Step 4: Click on 'View details,' and you'll see the status of your income tax refund, as shown in the picture below.

2. Through NSDL Portal

Step 1: Visit the NSDL Portal

Step 2: Enter your PAN details, select the Assessment Year from the drop-down option for which tax refund is awaited and enter the Captcha Code

Step 3: Click ‘Proceed’ under the ‘Taxpayer Refund (PAN)’ option

You will be directed to a page that displays the ‘Refund Status’.

3. Through TRACES

Step 1: Log in to the income tax portal

Step 2: Click on ‘e-File’, select ‘Income Tax Returns’ and hit ‘View Form 26AS’

Step 3: You will be directed to the TDS Reconciliation Analysis and Correction Enabling System (TRACES) page, and Click on ‘View Tax Credit (Form 26AS/Annual tax statement) at the bottom of the page

Step 4: Select the Assessment Year from the drop-down menu, and select view as ‘text’

You are directed to a page that displays the details of the paid refund

What Does my Refund Status Mean?

Here’s a list of different types of status of refund with meanings:

S.No	Status	Meaning
	No Result Found	This means that, according to the IT department, no records were found for the ITR filed, and the PAN and acknowledgement number added need to be cross-checked.
	Refund is already credited to your prevalidated bank account.	This states that the refund is already credited. In case of any doubt, contact: CMP, State Bank of India Address: Survey No.21 Opposite: Hyderabad Central University, Main Gate, Gachibowli, Hyderabad -500019
	Refund Cheque is already encashed	Your income tax refund is processed and credited to your bank account. If you have not received it, please contact: CMP, State Bank of India Address: Survey No.21 Opposite: Hyderabad Central University, Main Gate, Gachibowli, Hyderabad -500019
	Refund not determined	According to IT Department, no refund was determined in this case.
	Unable to credit refund as the account number provided is incorrect	This clearly states that the bank account number provided is incorrect. You need to apply for refund reissue by providing a prevalidated account number.
	Defective return u/s 139(9) (or) ITR filed is defective or incomplete	This shows that the ITR filed was defective under the Income Tax Law. Please check on the e-filing website to find the correct reason.
	ITR Processed but need to submit rectification request	There might be a mismatch in the calculation done by department and ITR filed. File a rectification request justifying the refund claimed.
	Return submitted. ITR Transferred to Jurisdiction AO	This implies the return will be processed by the jurisdictional AO. Contact teh AO and make the necessary submissions to claim the refund.
	Pending for e-verification	This means that the ITR was submitted successfully but not e-verified within 30 days of ITR submission. Verify to process the return and claim the refund.
	Processed with no demand/refund	It shows that the ITR is processed without any demand or refund. To understand this, check the intimation order u/s 143(1) on your email id.
	Processed with demand due	In this case the return is processed and there is demand, i.e. tax payable to the IT department. To understand this, check the intimation order u/s 143(1) on your email id. Also, submit the response to this through the e-filing website under the e-file->Response to Outstanding Tax Demand.
	Processed with refund due	This implies that the return is processed with refund and it will be credited in some days in the prevalidated bank account.
	Refund Failure	Due to incorrect bank account details, the refund was not credited successfully. Please apply for refund reissue under “My account” -> Service -> Refund Reissue Request
	E-Return for this PAN and Acknowledgement Number has been digitally Signed	The ITR is digitally signed and filed successfully.
	Under Processing	This means that the income tax department has still not processed your income tax return. Please check your refund status after a month to see if it has been updated.
	Refund Issued	This means the income tax department has sent the refund to you (by cheque or by direct credit to the bank account number you provided while e-filing). No further action required.
	Return Submitted and Verified	The return is submitted and verified. So, wait for some days for the refund to be credited.
	Invalid original return, File Revised Return	The return was treated as invalid and there is a need file a revised return to claim the refund.
	Return Processed and Rectification Rights Transferred To Assessing Office	This implies that the return was processed and transferred to jurisdictional AO. So, filing an offline rectification request to the AO will help you get the refund. We can connect you to an expert who can help you file a rectification.
	Return Processed. Refund Adjusted Against Demand (or) Refund kept on hold,Intimation u/s 245 is issued proposing adjustment of refund towards outstanding demand.	In this case if any tax payable is outstanding with the department, then the IT department will adjust the refund first against the demand. But before they adjust, a notice u/s 245 will be sent to you for your confirmation. If the response is not submitted the department goes ahed with adjusting the demand. In this case our expert CAs can help you get the refund.
21.	ITR Accepted	ITR is successfully received and pending for processing
22.	ITR-V rejected	This shows that the return filed is defective.
23.	Return Submitted and verified after the due date.	The ITR filed was received after 30 days of filing, so the return needs to be filed again.
24.	Successfully e-Verified after due date	The IT department has received a condonation request filed in respect of the return e-verified after 30 days. The return is transferred to AO and till it is approved, it is treated as invalid.
25.	Rectification processed with refund due	The rectification request is processed with refund.
26.	Rectification processed with no demand/refund	The rectification request is processed successfully with no demand/refund.
27.	Processed and partially refund adjusted	The refund is partially processed by adjusting it with the tax payable in the previous years. However, the department sends the notice u/s 245 to get your confirmation before adjusting.
28.	Under Processing Original return will not be considered, as revised return is taken up for processing	Once a revised return is filed, it replaces the original return filed. So this shows that revised return is under processing.
29.	Another Return filed	Another return was file, check with the other acknowledgement number.
30.	Refund Re-issue failure	Refund reissue request was failed due to some incorrect details. Raise the new request to get the refund.
31.	Rectification filed	Rectification request has been filed and its processing

How to Request for Refund Re-issue?

In the case of refund failure, you can raise the refund re-issue request in the e-filing portal by follwing the steps below:

Step 1: Login to ‘e-Filing’ Portal

Step 2: Click on Services menu and click on ‘Refund reissue’

Step 3: Create Refund Reissue request

Step 4: You will get the details of Assessment Year for which refund got failed

Step 5: Select the Assessment Year and click on continue

Step 6: You will get the bank details in the next page. Validate the bank account if it is not validated

Step 7: Click on the ‘Submit’ button and submit the request

Is the Income Tax Refund Taxable?

No, the refund amount is not taxable. But, the interest received on the tax refund is taxable. The rate of tax on the interest would be as per your applicable tax slab rate.

What is the Time Duration for a Tax Refund?

The time taken to receive the income tax refund entirely depends on the Income Tax Department’s internal process. Generally, it takes around 7 to 120 days, with an average time of 90 days after you have e-verified your return. The Income Tax Department implemented a new refund processing system to enable faster refund processing with an expected turnaround of a few days instead of a few months.
Consistent with this objective, the average ITR processing duration has been reduced to 10 days for returns submitted in the AY 2023-24, as opposed to 82 days for returns submitted in the AY 2019-20 and 16 days for returns submitted in AY 2022-23.

What is the Mode of Receiving the Refund?

The Income Tax Department will send the refund amount through electronic mode (direct credit to the account) or through a ‘Refund Cheque’. You must enter the correct bank account number and IFSC code with complete address details, including the PIN code, at the time of filing your return to receive refunds. Refunds sent through cheques are dispatched to the address mentioned in the ITR through speed post.

What is the Interest on Income Tax Refund?

When the refund amount is more than 10% of the total tax payable for that particular year, you will receive a simple interest on the tax refund. Interest is computed at 6% per annum (0.5% per month or part of the month) on the refund amount. Here's how the interest on refund is computed:

Calculate interest on refund @0.5% per month

How to Claim Refund for Missed ITR Filing on Due Date?

The deadline to file your ITR for non-audit cases was 31st July 2024. However, if you cannot manage to file your taxes before the deadline, you can still file a late return, known as Belated Return. The last date to file a belated return is 31st December 2024. You can claim your tax refund through a belated return.

Income Tax Refund Helpline

You can contact the ‘Aaykar Sampark Kendra’ for any queries regarding income tax refunds. The toll-free helpline of the Aaykar Sampark Kendra Kendra is - 1800-180-1961. You can even send a mail with your refund query to refunds@incometax.gov.in.

For refund-related queries or modifications in the refund record processed at CPC Bangalore, you can contact - 1800-425-2229 or 080-43456700. For any payment-related query, contact the SBI Contact Centre toll-free number at -1800-425-9760.

Frequently Asked Questions

I have e-filed my Income Tax Return but have not received my refund till now. What should I do?

If you have not received your refund to date, it could be due to the following reasons:

Your Income Tax Return has not been processed yet. Once the return is processed you may receive a Refund (if determined). To check the status of your e-filed IT return, log in to the income tax e-filing website and go to ‘e-File’ → ‘Income Tax Returns’→ ‘View Filed Returns’.
Your income tax return has been processed but the Income Tax Department has determined no refund.
Your income tax return has been processed with a refund but not credited to your account. You may have not pre-validated your account. Follow this guide to pre-validate your account. https://cleartax.in/s/pre-validate-bank-account-receive-income-tax-refund.

I checked the status of my IT Return and it is displayed as ‘Refund Failure’. How can I apply for it again?

Log in to the income tax e-filing website and go to ‘Services’ → ‘Refund Reissue’. Create a refund reissue request, and select the bank account number (if changed) where the refund needs to be credited. The refund will be credited only if the bank account is pre-validated.

What is Restricted Refund On Income Tax Portal?

This error typically arises from a discrepancy in the names between your PAN and bank account. Please read all the details here.

My Address has changed. I want to change the Address/ e-mail ID/ Mobile Number which I mentioned in my Income Tax Return.

Log in to the income tax e-filing website and go to ‘My Profile’ → Edit ‘Contact’. Provide the new address/e-mail ID/mobile number and submit. Once submitted, your address/e-mail ID/mobile number is updated in your profile and also sent to the CPC (Central Processing Center) to update the income tax return.

Is the income tax refund & TDS refund status the same?

Yes, broadly Income Tax refunds and TDS refunds are one and the same thing. The excess of TDS/TCS deducted over and above the actual payable amount is known as an income tax refund. But, an income tax refund can also result from excess.

Self Assessment Tax
Advance Tax

Why is my refund failed?

In the case of a invalid IFSC code or bank account is not pre-validated or the name mentioned in the banka nd the PAN does not match. It can also happen if your account is closed.

What is the last date of income tax refund?

There is no specific deadline for receiving an income tax refund. Typically, refunds are processed within 4-5 weeks of filing your Income Tax Return (ITR). The Income Tax department has introduced an expedited refund processing system that aims to issue refunds within days.

How many days it takes for ITR refund?

Refund processing by the tax department begins only after the return is e-verified by the taxpayer. Typically, it takes 4 to 5 weeks for the refund to be credited to the taxpayer's account. If the refund is not received within this time frame, the taxpayer should look for any notifications regarding discrepancies in the ITR or check their email for updates from the IT department.

What is the direct link to check Income Tax refund status online?

To view your refund status, please visit the following link: https://tin.tin.nsdl.com/oltas/refund-status-pan.html

How will I get income tax refund?

In order to receive the income tax refund, you have to file your income tax return declaring all the applicable deductions, exemptions, and taxes paid. Post filing, If your tax payment exceeds the total liability, the excess will be refunded in your prevalidated bank account in 4-5 weeks.

How to check the income tax refund status?

You can check the refund status through the Income tax portal, NSDL portal or TRACES by logging into your account and following the steps mentioned.

What is the income tax refund customer care/helpline number?

For income tax refund queries, you can contact the ‘Aaykar Sampark Kendra’ at 1800-180-1961, email refunds@incometax.gov.in, or for issues related to refund processing at CPC Bangalore, call 1800-425-2229 or 080-43456700.

What is the reason for delay in the income tax refunds?

There might be numerous reasons for a delay in an income tax refund. Some of them could be the discrepancies or errors in your ITR, incorrect bank details, or processing delays within the tax department. You can immediately login in income tax website, check the intimation and resolve the issues to recieve the income tax refunds at the earliest.

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About the Author

Shefali Mundra

Assistant Manager - Content

As a creative finance content writer and a Chartered Accountant by profession, I am deeply passionate about educating the masses about finance and taxation. To date, I have authored numerous blog posts covering a diverse range of topics on finance, taxation, trading, and investment for esteemed financial platforms. Driven by the commitment to enhance financial literacy, my ultimate goal is to demystify complex financial concepts into relatable insights and support educational initiatives in India.. Read more

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