The Income Tax Department has said that tax refund of Rs 2.48 lakh crore has been given for the assessment year 2023-24 from April 1, 2023 to January 10, 2024.

You can also know your tax refund status sitting at home

If you have filed your income tax return and are waiting for your tax return, you can also do so online. Actually, a new type of service has been started on the Income Tax Portal. Through this you can directly check the status of your refund.
You can check the status of refund like this

After logging into the new Income Tax website, you will get information about your income tax refund at the top. Whether your tax refund has been cleared or not. There is also another method in which one has to go to the e-filing portal. After this you have to click on the section of quick links.

After this you will have to scroll down until you see Know Your Refund Status. You have to click on it. After this you will have to enter your PAN number, assessment year and mobile number. After this you will get an OTP. After entering the OTP, your refund status will be visible.

These people will not get the previous stuck income tax refund

– The ITRs which are to be scrutinized.

– Due to some reason, ITR has not been processed by the assessee.

– ITR process in which more refund is demanded after the ITI process.

The post Income Tax Refund: Income tax refund has been issued till January 10, 2024. check status here first appeared on Rightsofemployees.com.

In such a situation, before filing the return, definitely match your information with him. Also, if you see any kind of mistake, then use the option to rectify it through the income tax portal itself.

Bank account details most important

Tax consultants say that in most cases of refund stuck, there is a mismatch in the information related to the bank account. While filling the ITR, make sure that all the details related to the bank account are correct. If you have entered your account details incorrectly while filling the form, it may result in your refund getting stuck. If you have filed the return and there is any mistake, you will have to correct the bank account details on the Income Tax Department site.

TIS and AIS

All the financial transactions you do related to PAN number are recorded in the Taxpayer Information Statement (TIS) and Annual Information Statement (AIS) of the Income Tax Department. This is pre-filled in the tax return form. If any of the details are incorrect in this, please click on the feedback written there and tell that it is wrong. The Income Tax Department rectifies that. Failure to do so may result in a tax notice.

tax exemption details

The details of exemption on investments other than those under Section 80C of Income Tax are given in Form 16B.Based on the investment information provided by you, companies fill the details in this form. If any information is omitted, give the same information while filing ITR.

Details of Form 16 and 16A

Companies give Form 16 to the employee on tax deducted at source (TDS) from salary. Whereas in addition to salary, TDS is given on deduction of interest, house rent etc. Form 16A.Check the details from your deduction.

How to know refund status

Those who have filed the return without waiting for the last date for the return, such people will start getting the tax refund in the bank account. In such a situation, if you want to know the status of your refund, first of all visit the official website of Income Tax Department http://www.Go to incometax.gov.in. After that login by entering user id and password. After this, select you Income Tax Returns in the E-File option. Now the status of ITR and date of issue of tax refund will be visible

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Know how to get TDS deducted back

If TDS has been deducted more from your salary, then it can be withdrawn in two ways. First, mention this in your income tax return. After this the Income Tax Department will check it and refund your excess deposit. On the other hand, under the second method, you will have to fill Form 15G to withdraw TDS. Form 15G has to be filled and submitted to the bank. In this way your deducted TDS will come back to your account.

How to Check Refund Status

For TDS refund to come quickly, it is important that you file your ITR on time. The sooner you file the return. As soon as the refund process will start. To check Income Tax Refund Status, first you have to visit the official website www.incometax.gov.in. After that enter your User ID and Password. In the page that will open, you will see the option of e-filing. In this select Income Tax Return. After that you click on View File Returns. Your latest ITR details will be displayed on the computer screen.

The post Income Tax Return big news : TDS deducted more than taxable salary, know how to claim for refund of funds first appeared on Rightsofemployees.com.