Skip to main content

Checklist for Income Tax Refund

Checklist for Income Tax Refund

If your employer has deducted income tax in excess or you were not able to declare your investments on time. Worry not as one can claim the excess income tax back from the income tax department.

Steps to Guide you when you are filing for Income Tax Refund:

  • You can claim income tax refund by simply filing income tax return. If you find in the income tax return mentioning that you have paid more income tax, there is no need to apply for it separately.
  • You are not required to file income tax return if your taxable income is lower than the maximum exempted limit. If you wish to claim any refund for income tax, you have to file return.
  • Tax refunds need to be claimed within a period of two years from the end of the financial year for which the tax refund claim is related.
  • Before claiming income tax refund, you must check Form 26AS available on the Income tax website, it's also know as your tax credit statement. Even if your income tax return shows more tax paid by you but not displayed in your 26AS statement, you will not get the refund. 26AS shows the tax paid against a permanent account number (PAN) during a particular financial year.
  • If your employer has deducted the income tax from your salary but did not deposited with the income tax department, then it will not be displayed in your form 26AS statement.
  • If you file tax return incorrectly, that would also cause a delay in getting the refund.
  • There is a provision with the income tax refund that if there is a delay in case of a tax refund, you are entitled to get an interest at the rate of 0.50 per cent for every month from the April first of the assessment year till the tax refund is paid to you.
  • In case there is any delay in filing income tax refund due to your own reason, no interest is applicable to be paid for the period of delay. For example, if you have filed delayed income tax return in September, you will only get interest from September onwards for the delay, if any.
  • You can check online income tax refund status at Income tax official website by entering details like your PAN and assessment year.

Popular posts from this blog

Adani Electricity Bill Payment

Adani Electricity Bill Payment Adani Electricity Mumbai Limited (AEML) is a 100% subsidiary of Adani Transmission Ltd that has been formed post acquisition of Reliance Infrastructure Limited's integrated Generation, Transmission and Distribution utilities that powers Mumbai city. As an organization under Adani Group, AEML believes in The Power of Service. The system caters to over 2.9 million customers. The area in Suburban Mumbai served by AEML is from Bandra to Bhayander on the western side, and Sion to Mankhurd on the eastern Side. How to pay Adani electricity bill payment easily? A user needs to enter their AEML account number, as mentioned on the bill You can View your current Adani electricity bill online and click "PAY" You need to have your credit/debit/EbixCash/net banking details handy Choose your desired payment method and follow the instructions to pay Adani electricity bill online After authentication over the payment gateway, your credit/de

IGL Bill Payment Online, IGL Bill Pay Online

How to Pay IGL Bill Online, How to Pay Indraprastha Gas Bill Online Steps for IGL Payment Online for Customers not registered with IGL Visit the IGL Online Official Website - On the right of the screen, Under Customer Zone->PNG User->Click on Insta Payment A new window opens where you can Pay IGL Bill Online/Security Deposit Enter your BP Number and click Get Details Your First Name, Last Name, CA Number, Amount Before Due Date, Due Date, Amount After Due Date and Amount to be paid is displayed Click on Pay button Indraprastha Gas Ltd Payment Amount would be displayed. Pay IGL Bill Online by Credit Card, Debit Card, Debit Card + ATM PIN, Internet Banking, Wallet/ Cash Cards, MasterPass, BharatQR. That's it. You have just completed the steps for IGL Bill Payment Online . Register as IGL Customer Visit the IGL Online Official Website - On the right of the screen, U

TNEB / TANGEDCO – Tamil Nadu Electricity Bill Payment Online

TNEB / TANGEDCO – Tamil Nadu Electricity Bill Payment Online If you are looking for how to pay Tamil Nadu electricity bill online , you have come to the right place as we will guide you here how to pay TNEB bill online . That time has gone when you needed to stand in the long queues for the payment of TNEB bill online , now it is so easy for TNEB online payment . With the TNEB / TANGEDCO Web Self Service portal, making TNEB online payment is just a matter of clicks. TANGEDCO or Tamil Nadu Generation and Distribution Corporation Ltd is the electricity distribution and supply company in the state of Tamil Nadu. Previously, it was known as TNEB or Tamil Nadu Electricity Board. The discom has a website The portal provides the TNEB bill payment online facility. After registration, one can login anytime on the portal and pay TNEB bill at their convenience using the customer number or service number. You can pay EB bills online for C