If you have paid the excess tax to the income tax office, there is refund mechanism to get the refund which may happen within one year of submitting the income tax returns. This refund would be credited to your bank account or sent through cheque by income tax office using the details you have provided at the time of filing the income tax returns (how to file ITR-1?). This article explores the new way to get the refund status by using the online portal provided by the income tax dept. If you have any doubts, please post it in the comments section. Subscribe to our future articles here.
How to Check your Refund Status Online?
Income Tax India has announced new way to check the income tax refund status using your PAN number. You can check for the specific assessment year. The data is available from the year 2001 to till date. Here is the link for checking it online :
If there is a problem, they can contact the assessing officer or the income tax refund banker, the State Bank of India. In case of any grievance, taxpayers can also contact the additional commissioner in charge of the range or the income tax ombudsman.
The refund banker scheme has commenced from 24th Jan 2007. It is now operational for taxpayers assessed in Delhi in salary charges i.e. CIT XIV, XV,XVI and one business charge i.e. CIT IX. It is also operational in Patna for CIT I, II and Central. From September 30, 2007 it has been extended in few other stations i.e. Bangalore, Chennai, Delhi, Kolkata, Mumbai (except for company and exemption refunds).
Taxpayers will get status of income tax refund 10 days after the refund has been sent by their Assessing Officer for refund banker. Status will be available only for those taxpayers whose income tax refunds are to go through refund banker scheme. If you have any doubts, please post it in the comments section.
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