Relief to taxpayers before festivals in the era of inflation, refund of more than Rs 1 lakh crore issued

Income Tax Refund : The Income Tax Department has given great relief to the people during the festive season. The tax department has so far issued refunds of more than one lakh crore rupees to the taxpayers. Obviously, this refund would have brought a big relief to the taxpayers.

Rs 1,02,952 crore refund issued

The Income Tax Department has given information by tweeting that it has given Rs 1,02,952 crore as refund to 77.92 lakh taxpayers between April 1, 2021 and October 25, 2021. According to the Central Board of Direct Taxes (CBDT), income tax refund of Rs 27,965 crore has been issued to taxpayers in 76,21,956 cases. In the remaining 1,70,424 cases, corporate tax refund of Rs 74,987 crore has come. According to the tax department, the refund issued includes 46.09 lakh refunds worth Rs 6657.40 crore for the assessment year 2021-22.

How to check refund status

Income Tax Refund: If your income tax refund has not come yet, now you can easily check the status of your refund. You can get information about your tax refund through the official website. Let us tell you that if you have paid more amount than your tax liability, then your tax refund is issued by the Income Tax Department.

You can check refund status in 2 ways

You can also use the new website of the department to check the status of income tax refund. Apart from this, you can also check the status through the official website of NSDL-

Check refund status from the new website of Income Tax Department-

• Check refund status like this from new income tax portal
• You have to first go to the official website www.incometax.gov.in
• Here you have to enter the User ID and Password
• When you login, you will see the option of e-filing
• In the e-file option, you have to select Income Tax Returns
• After that click on view file return
• Now the details of your latest ITR will come
• After selecting the status of your ITR will be visible
• Here you will see the tax refund issue date and amount
• Apart from this, information about the clearance of your refund will also be available.

You can also check refund status from NSDL website

• You have to first visit www.incometaxindia.gov.in or www.tin-nsdl.com
• Now you have to login by entering user id and password
• Enter captcha code and click on submit
• Now click on the Status of Tax Refunds tab here
• After this, you have to enter your PAN number and assessment year for the year for which the refund is pending.
• Apart from this, you will get a message if your refund has been processed
• This message will mention your mode of payment, reference number, status and refund date.

What is Tax Refund?

Let us tell you that if advance is deducted on the basis of your estimated investment in any financial year, but after the final paper is submitted by the end of the financial year, it is found that more tax has been deducted according to your liability, then the income tax department’s To get the same back, you have to apply for ITR refund.

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