Rediff.com« Back to articlePrint this article

Now, check your income tax refund status online

Last updated on: April 11, 2011 19:18 IST
Income Tax Refund

You have filed your income tax returns for the year and are eagerly awaiting your refund. Very often this wait could get quite painful. Weeks pass by, and tax payers are seldom aware of the status of their ITR, and as to when their refund would be sent to them.

To solve such concerns, the Income Tax department has introduced online availability of information regarding one's tax refund. With the click of a mouse, you could now check the status of your income tax refund online.

It is a quick, easy and safe way to know the status. Here is how you go about it.

Click NEXT to read more

Now, check your income tax refund status online

Last updated on: April 11, 2011 19:18 IST

The Refund Banker Scheme

Titled the Refund Banker Scheme, the TIN-NSDL web site provides income tax refund status from assessment year 1998-99 to 2010-11.

Currently this scheme is restricted to non-corporate tax assessees in Delhi, Mumbai, Kolkata, Chennai, Bangalore, Bhubaneswar, Ahmadabad, Hyderabad, Pune, Patna, Cochin, Trivandrum, Chandigarh, Allahabad, and Kanpur, but should be extended to other cities soon.

The whole refund process would be handled by State Bank of India.

Click NEXT to read more

Now, check your income tax refund status online

Last updated on: April 11, 2011 19:18 IST

Checking your refund status online

Here is how you go about it.

Remember: The status of the refund would be available for tax payers, only 10 days after the refund has been sent by the Assessing Officer to the refund banker.

Click NEXT to read more

Now, check your income tax refund status online

Last updated on: April 11, 2011 19:18 IST

Modes of income tax refund payment

Under the Refund Banker Scheme, there are two options to receive the income tax refund, either by way of ECS or through post.

For all ECS mode of payment, refund would be directly credited into the bank account. Thus, it is vital to provide accurate details of bank account number, bank name, branch, IFSC and MICR code, at the time of filing IT returns.

If such details are not provided with accurately, a cheque would be sent by State Bank of India.

Click NEXT to read more

Now, check your income tax refund status online

Last updated on: April 11, 2011 19:18 IST

What do I do if I do not receive the tax refund?

If you haven't received your tax refund, within a maximum of one year from the date of filing the tax return, you could visit the tax department's office for the follow up of the refund, or send a grievance letter addressed to the concerned Income Tax Assessing Officer, with the copy of the tax return acknowledgement.

For severe delays, a letter could be addressed to the Jurisdictional Chief Commissioner of the Income Tax, with a copy to the Grievance Cell and the concerned Income Tax Officer. Attach copies of any previous letters which may have been written to the Income Tax Assessing Officer, along with a copy of the tax return filed.

Click NEXT to read more

Now, check your income tax refund status online

Last updated on: April 11, 2011 19:18 IST

Keep in mind...

investmentyogi
Investmentyogi.com is a one-stop personal finance website which helps in managing finances, investments and taxes through services like financial planning, online tax filing, budgeting and 'Ask the Expert'.