Income Tax : Big update for those who are waiting for Income Tax Refund! get this thing in mind quickly

Income Tax Return: Generally it takes 20-45 days for the refund to reach you after you have filed and verified your ITR. However, in this financial year 2022-23, the tax department has expedited the processing of Income Tax Return (ITR) by using advanced technology.

Income Tax Return: Crores of people have filed Income Tax Return (ITR) and now people are waiting for Income Tax refund. But is there any delay in getting the tax refund? If you want to get refund how long will it take? But first check whether you have e-verified your ITR or not. If you do not e-verify your ITR, the filing process is considered incomplete and your ITR becomes invalid. In such a situation, first of all verify your income tax return.

income tax refund

You will get the refund once your ITR is processed. The refund does not come immediately, but will be issued to you through the Income Tax Department after verifying the details of tax already paid with the information available with it. As per the press release of the Income Tax Department, 61% e-verified returns have already been processed. Which means that intimation of processing, refund or adjustment as applicable will have been sent and refund if any is usually credited. This work is done between 10 days to 2 weeks after processing.

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Income Tax Return

Normally it takes 20-45 days for the refund to reach you after you have filed and verified your ITR. However, in this financial year 2022-23, the tax department has expedited the processing of Income Tax Return (ITR) by using advanced technology. As a result, the average processing time has come down impressively to just 16 days. On the other hand, if your income tax refund is to come, then you can regularly check the status of your income tax refund and keep the process of checking it in your mind.

Check Income Tax Refund Status Online

• Visit the Income Tax India website.
• Log in using your User ID (PAN Number), Password and Captcha Code.
• Go to ‘Return / View Form’.
• Click on ‘Choose an option’ and then click on ‘Income Tax Return’ from the drop-down menu.
• Fill the assessment year and then submit.
• Click on the relevant ITR acknowledgment number to check the status of your ITR refund.

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