The Income Tax e-Filing Portal provides taxpayers with a convenient way to track the status of their refunds. Here is a comprehensive systematic guide to help you check your income tax refund status effectively in 2024.
Also Read– ITR deadline extended to August 31? What Income Tax Department said
By CA Ruchika Bhagat
As we navigate through 2024, managing our finances efficiently remains a top priority for many. One crucial aspect of this financial management is ensuring that you receive any income tax refunds promptly and accurately.
The Income Tax e-Filing Portal provides taxpayers with a convenient way to track the status of their refunds. Here is a comprehensive systematic guide to help you check your income tax refund status effectively in 2024.
Read More: Income Tax slabs revised: How much tax will you pay on salary of Rs 7L, Rs 10L, Rs 12L, Rs 20L
Step 1: Access the Income Tax e-Filing Portal
To begin the process, open your preferred web browser and visit the official Income Tax e-filing portal. You can access it directly through the URL https://www.incometaxindiaefiling.gov.in.
Step 2: Log in to Your Account
Once you are on the homepage of the Income Tax e-Filing portal, locate and click on the “Login Here” button positioned prominently on the right side of the screen. This will take you to the login page.
Read More: ITR filing 2024: Here’s how you can still switch to old tax regime
Step 3: Enter Your Login Credentials
Enter your User ID, which is typically your Permanent Account Number (PAN), followed by your password and the Captcha code displayed on the screen for security verification. After entering the required information, click on the “Login” button to access your account.
Step 4: Navigate to the ‘Services’ Section
Upon successful login, you will be directed to your dashboard. From the top menu bar, navigate to the “Services” tab. Click on it to reveal a dropdown menu of various services offered by the portal.
Step 5: Select ‘Know Your Refund Status’
From the dropdown menu under the “Services” tab, locate and click on “Know Your Refund Status.” This option is specifically designed to provide you with details regarding the status of your income tax refund.
Read More: Less than 50% income tax returns filed, will 31 July ITR filing due date be extended?
Step 6: View Your Refund Status
You will now be redirected to a page that displays a table containing information related to your refund status. The table typically includes details such as assessment years, refund status, and any other relevant information about your refund application.
Step 7: Interpret the Refund Status
Understanding the different statuses displayed is essential to know where your refund stands:
Refund Paid: This status indicates that your refund has been processed successfully and the amount has been credited to your bank account.
Refund Determined and Sent Out to Refund Banker: The refund amount has been processed and sent to the designated bank for crediting into your account.
No Demand No Refund: There is no refund due or tax payable for the specified assessment year.
ITR Processed Refund Determined and Sent Out to Refund Banker: Your Income Tax Return (ITR) has been processed, and the refund amount has been determined and sent to the banker for further processing.
Refund Unpaid: This status indicates that the refund could not be credited to your account due to incorrect bank details. If you encounter this status, you may need to update your bank account details on the portal.
Read More:- India Climbs Global Passport Rankings, Gains Visa-Free Access To 58 Nations; Full List Here
Step 8: Update Bank Details (If Required)
If your refund status shows “Refund Unpaid,” it is crucial to update your bank account details to facilitate the successful crediting of your refund amount. Navigate to the “Profile Settings” tab and select “Prevalidate Your Bank Account.”
Step 9: Prevalidate Your Bank Account
On the bank account validation page, enter the necessary details such as your bank account number, IFSC code, and bank name. After entering the details, click “Revalidate” to successfully update your bank account information.
Step 10: Recheck Your Refund Status
After updating your bank account details, return to the “Know Your Refund Status” page to verify if the status has been updated. Please note that it may take a few days for the changes to reflect in the system, so be patient during this process.
Additional Tips for Efficiently Checking Your Refund Status:
Keep Your PAN Ready: Your PAN serves as your User ID for logging into the Income Tax e-Filing portal. Ensure you have it handy whenever you access your account.
Regular Monitoring: Refund statuses can be updated periodically, so it’s beneficial to check your status regularly to stay informed about any developments regarding your refund.
Secure Your Login Information: Safeguard your login credentials and avoid sharing them with anyone to prevent unauthorized access to your account.
By following these straightforward steps and tips, you can effectively track the status of your income tax refund on the Income Tax e-Filing portal in 2024. Ensuring that your bank account details are accurate and up-to-date will facilitate the smooth processing of your refund. Should you encounter any challenges along the way, do not hesitate to seek assistance from the Income Tax Department’s customer support. Happy filing and refund tracking!
