Income Tax Refund: Big news ! Government issued refund of Rs 1.83 lakh crore, status will be able to be checked like this

New Delhi: There has been a tremendous increase in the total direct tax collection of the government. If we look at the figures till November 10, there has been an increase of up to 31 percent in the direct tax collection of the government. After which it has increased to the level of Rs 10.54 lakh crore.

Finance Ministry gave information

The Finance Ministry said in a statement on Friday that the increase was mainly due to the better performance of personal income tax collection. Net direct tax collection after adjustment for refunds stood at Rs 8.71 lakh crore. This includes personal and corporate taxes. This is 61.31 percent of the target fixed for the whole year in the general budget.

The government issued so much refund

The statement said that between April 1 and November 10, refunds worth Rs 1.83 lakh crore have been issued. The ministry said, “The direct tax collection till November 10, 2022 shows that the gross collection is Rs 10.54 lakh crore. This is 30.69 per cent more than the gross collection of the corresponding period last year. There has been an increase of 22.03 per cent and 40.64 per cent in gross corporate tax and personal income tax collection, respectively.

This is how you can check the status of the return

To check the status of your income tax refund, first you have to visit www.incometaxindiaefiling.gov.in . After this, you have to login there by filling the details of PAN card details, password and captcha code.

In the second step, you have to click on Review Return Forms. Then select ‘Income Tax Returns’ from the drop down menu. Here you have to select the assessment year for which you want to check the IT refund status.

In the third step, you have to click on your acknowledgment number ie hyperlink. Now a pop-up will appear on the screen, which will show the timeline of return filing. For example, when was your ITR filed and verified, date of completion of processing, date of refund issue, etc. Apart from this, it will also show the assessment year, status, reason for failure and mode of payment.