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...