“How to Check Your Income Tax Refund Status”: Are you eagerly waiting for your income tax refund after filing your Income Tax Return (ITR)? The good news is that the income tax portal has introduced a new feature that makes it easy for you to verify the status of your tax refund. In this post, we will guide you through the steps to check your income tax refund status.
Step 1: Visit the E-filing portal
The first step is to visit the Income Tax e-filing portal. You can do this by typing the URL of the e-filing portal in your web browser.
Step 2: Access the ‘Know Your Refund Status’ feature
Once you are on the e-filing portal, look for the ‘Quick Links’ section. From there, click on the option that says ‘Know Your Refund Status’. This will take you to the section where you can check your refund status.
Step 3: Fill in the required details
In the ‘Know Your Refund Status’ section, you will be prompted to provide certain details. Fill in your PAN number, assessment year (for the current year it would be 2023-24), and your registered mobile number. Make sure to enter accurate information to ensure a smooth process.
Step 4: Enter the OTP
Once you have entered the required details, you will receive an OTP (One-Time Password) on your registered mobile number. Enter the OTP in the designated field on the portal. This is an important security measure to verify your identity.
Step 5: Check your refund status
After entering the OTP, the e-filing portal will process the information and display your income tax refund status on the screen. You will be able to see whether your refund has been processed or if it is still pending. This feature offers a convenient way to check your refund status without having to navigate away from the portal.
It is important to remember that the income tax refund is processed by the State Bank of India (SBI) and is directly credited to the bank account nominated by you in your ITR at the time of filing. So, make sure that you have provided the correct bank account details and that your PAN is linked to your bank account for a seamless refund process.
By following these steps, you can easily check the status of your income tax refund.