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.

Recent Posts

Popular posts from this blog

Nagarhole National Park Safari Booking Online

Nagarhole National Park Safari Booking Online There is good news for all wildlife enthusiasts and tourists who were appealing to the forest department to introduce online ticket booking system for safari in the Nagarahole national park. All wildlife enthusiasts and tourists wishing and requesting the forest department to begin online ticket booking system for safari in the Nagarahole national park would be happy to know that Nagarhole safari booking online is now active and fully operational. Nagarhole Safari Ticket Booking has been started to bring in more transparency as well as facilitating tourists to plan and book tickets for their safari in advance. It was a demand from the people at large, mostly from Bengaluru, Karnataka and neighbouring states like Kerala and Tamil Nadu who quite often visit the Nagarhole national park to start the online ticket booking system. Nagarhole National Park  Nagarahole (or Nagarhole) name is derived from a windy river named Nagara Ho

Calangute Panchayat House Tax Payment

Calangute Panchayat House Tax Payment MAPUSA: The Calangute Panchayat launched its website for providing online services to the people of the village. Calangute Panchayat was launched by MLA Michael Lobo in presence of Sarpanch Anthony Menezes, Panchas and HDFC bank officials. With , citizens of Calangute can now download different forms, track stray cattle and garbage collection along with making online payments such as pay house tax Calangute . Sarpanch Anthony Menezes said that now people can pay Calangute house tax online even if they are outside India. All forms that are needed can be downloaded from the official website of Calangute Panchayat and submitted. Manezes also informed “Mini chips will be inserted in cattle's body so that they can be tracked easily. The cattle registration with its owner details would be done with the Calangute panchayat . Thus owners could track their cattle and people can also identify a

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