ITR Status – How to Check Income Tax Refund Status Online?

You can check your income tax refund status online by logging into the income tax department's e-filing portal using your PAN and password, then navigating to the 'Refund/Demand Status' option under the 'My Account' section.

11,802 Views | Updated on: Dec 30, 2024

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An Income Tax Return (also known as ITR) is a form that is used to fill in information about your income and the tax that you need to pay to the Income Tax Department. The liable tax which an individual need to pay is calculated based on his/her income. If the individual pays excess tax in a financial year, they can receive an Income Tax Refund.

You must file your ITR before the deadline date to avoid any kind of penalty. You can do the e-filing of ITR online on or before 31st December 2023. There are two ways you can check your ITR status online.

What is Income Tax Return / ITR Status?

An income tax return is a formal document that taxpayers file with the tax authorities, disclosing their income, deductions, and tax liabilities for a specific financial year. Filing an ITR aims to determine the taxable income, claim eligible deductions and exemptions, and calculate the tax liability owed to the government.

How to Check ITR Refund Status Online?

Waiting for your income tax refund can be an anxious time, but thankfully, checking its status has become much simpler with the advent of online platforms. Here are the steps on how to check your Income Tax Return (ITR) refund status online, both on the Income Tax e-filing website and the TIN NSDL website.

On the Income Tax e-filing Website

Go to the official website of the Income Tax Department of India.
Log in using your user ID, password, and date of birth or password.
Once logged in, go to the ‘My Account’ section and select ‘Refund/Demand Status’.
Click on ‘Refund/Demand Status’ to check the status of your income tax refund. The status and any additional remarks will be displayed on the screen if applicable.

On the TIN NSDL Website

Go to the official website of TIN NSDL: https://www.tin-nsdl.com/.
Under the ‘Services’ tab, click on ‘Status of Tax Refunds’.
Enter your PAN (Permanent Account Number) and select the assessment year for which you want to check the refund status.
After entering the required details, click on ‘Submit’.
The refund status will be displayed on the screen, along with any remarks or updates regarding your refund.

Where to Find the Acknowledgment Number?

The acknowledgement number can be found on the PAN acknowledgement slip or PAN acknowledgement form by the applicant for a new PAN card or the person requesting a change to an existing PAN card.

Once a person submits an online request, an acknowledgement letter is also sent to the email address on the application form. Once the offline application is submitted, the agent will provide the applicant with a PAN card acknowledgement number to confirm receipt of the application.

What are the Different Types of Income Tax Refund Status?

These represent the various statuses of Income Tax Returns (ITRs) as per the guidelines outlined by the Income Tax Department’s official website.

Submitted and pending for e-Verification / Verification

This status indicates that you have filed your ITR but have not yet completed the e-Verification process. Alternatively, it may signify that your duly signed ITR-V has not yet been received at the Centralized Processing Center (CPC).

Successfully e-Verified / Verified

This status signifies that you have submitted your return and completed the e-Verification process. However, the return has not yet been processed.

Processed

This status indicates that your return has been successfully processed by the Income Tax Department.

Defective

In this status, the department has identified defects in the filed return, such as missing essential information or inconsistencies. You will receive a notice under section 139(9) requesting rectification of the defects within a specified time limit. Failure to respond to a defective return notice may render your ITR invalid and unprocessed.

Case transferred to Assessing Officer

This status indicates that the CPC has transferred your ITR to your jurisdictional Assessing Officer (AO). If your case is transferred, the AO will contact you to provide any necessary details or clarification.

How to Read ITR Status?

After submitting your ITR, it is important to keep track of its processing status to ensure compliance with tax regulations. Here are the steps to guide you through.

Step 1: Log in to the Income Tax E-Filing Portal

To check the status of your ITR, you need to log in to the official Income Tax e-Filing portal. Enter your user ID (PAN) and password, along with the captcha code, to gain access to your account.

Step 2: Navigate to the ‘View Returns/Forms’ Section

Once logged in, navigate to the “View Returns/Forms” section. Here, you will find the option to view your filed tax returns.

Step 3: Select the Assessment Year

Select the appropriate assessment year to verify the status of your Income Tax Return (ITR). The assessment year corresponds to the year immediately succeeding the financial year for which you submitted your return. For example, if you filed your return for the financial year 2024-2025, the corresponding assessment year would be 2025-2026.

Step 4: Click On ‘ITR-V/Acknowledgement Status’

Under the selected assessment year, look for the option labeled ‘ITR-V/Acknowledgement Status.’ This option allows you to view the status of your ITR.

How to Request for Tax Refund Reissue?

If you have been informed by the Income Tax Department or the Refund Banker (SBI) that the processing of your income tax refund was unsuccessful, you can initiate a ‘Refund Reissue Request’ by accessing the Income Tax e-filing portal. Taxpayers can request the re-issuance of their refund through the ‘Refund Reissue Request’ service.

Tips on How to Spend Your Income Tax Return Responsibly

Receiving an income tax return can feel like a financial windfall, providing an opportunity to boost your savings, pay off debt, or indulge in something special. However, spending your tax refund wisely is important to maximize its benefits and improve your financial well-being. Here are five tips on how to spend your income tax return responsibly:

Prioritize High-Interest Debt

If you have outstanding debts with high interest rates, such as credit card balances or personal loans, consider using your tax refund to pay them off. Reducing or eliminating high-interest debt will save money on interest payments in the long run and improve your overall financial health.

Build or Boost Your Emergency Fund

An emergency fund is a financial safety net, providing peace of mind and protection against unexpected expenses like medical bills or car repairs. If you do not have one, use your tax refund to start one or add to your existing fund to ensure you have enough savings to cover unforeseen circumstances.

Invest in Your Future

Consider investing your tax refund in long-term assets like stocks, bonds, or retirement accounts. Investing can help grow your wealth over time and provide financial security in the future. If you’re unsure about investing, consult a financial advisor to explore your options and create an investment strategy that aligns with your goals and risk tolerance.

Fund Important Financial Goals

Use your tax refund to fund important financial goals such as buying a home, starting a business, or furthering your education. Prioritize goals that will significantly impact your life and bring you closer to achieving financial stability and independence.

Treat Yourself, Mindfully

While it’s tempting to splurge on luxuries or indulgences with your tax refund, do so mindfully. Allocate a portion of your refund for discretionary spending, but set limits and avoid overspending. Treat yourself to something special or enjoyable, but ensure it’s within your budget and won’t derail your financial goals.

Key Takeaways

Visit the homepage of the income tax department’s e-filing website.
Under the “Quick Links” section, you will find an option called “ITR Status,” which enables you to do an ITR Status check.
Fill out your PAN card number, acknowledgement number, and captcha code.
After you fill in all the details, your screen will display the status.

Conclusion

To be a responsible citizen, you must pay your taxes on time. However, if you wish to save on your taxes, you can always opt for various tax-saving investments to help you save on taxes while growing your wealth. Ensure that you assess your financial goals, risk appetite, and nature of the investment before investing.

FAQs on How to Check ITR Refund Status

What are the different types of ITR Status in India?

Seven distinct sorts of forms, including ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7, are available from the Income Tax Department. Before the deadline, the taxpayer must complete the form by its application, determined by the taxpayer’s income and tax bracket.

What does the ITR status of ITR-V Received mean?

The ITR status “ITR-V Received” refers to the Income Tax Department of India’s acknowledgment receipt of the Income Tax Return Verification (ITR-V) form.

When an individual files their income tax return online, they must verify it within a specified timeframe. The verification process can be completed electronically through Aadhaar OTP, net banking, or by sending a physical copy of the ITR-V form to the Centralized Processing Center (CPC) in Bengaluru.

What does the ITR status of Successfully e-verified mean?

When the ITR status shows “Successfully e-verified,” the taxpayer successfully completes the verification process using one of the authorized methods.

The sum that will be assured
Fees for the premium
Senior citizen’s age

What does the Defective status mean in Income Tax Return (ITR)?

A return may be deemed faulty due to missing or conflicting information in the return or schedules, among other factors.

A refund has not yet been received despite having e-filed my Income Tax Return. How should I proceed?

If you haven’t received your refund despite e-filing your Income Tax Return, you can check the status of your refund online through the Income Tax e-filing portal. If the status shows ‘processed,’ but you still haven’t received the refund, you can contact the Income Tax Department for further assistance.

When will I become eligible for an income tax refund?

You become eligible for an income tax refund when you have paid more tax than your actual tax liability for a particular financial year. This usually happens when you have excess TDS (Tax Deducted at Source) deducted from your income or have made excess advance tax payments.

What is the difference between an income tax return and an income tax refund?

An income tax return is a document that taxpayers file with the government, declaring their income, deductions, and tax liability for a specific financial year. On the other hand, an income tax refund is the excess tax amount returned to the taxpayer by the government if they have paid more tax than their actual liability.

Do I have to file taxes if I want to get an income tax refund?

You must file your income tax return to claim an income tax refund. Filing your tax return allows you to accurately declare your income, deductions, and tax liability. If you have paid more tax than your actual liability, you can claim a refund by filing your tax return.

What is the time duration for a tax refund?

The time required to receive a tax refund can vary depending on factors such as the mode of filing, processing time by the Income Tax Department, and accuracy of the information provided. Generally, e-filed returns are processed faster than paper returns, and refunds are usually issued within a few weeks to months after the return is processed.