If you’ve paid more tax than what you actually owe, the Income Tax Department owes you money — this is known as an income tax refund. But how does it work? When will you get it? And what should you do if there’s a delay?
In this detailed guide, we’ll explain how income tax refunds are processed, how to check their status, and how Taxeaz.in can help you get your refund faster and without hassle.
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What is an Income Tax Refund?
An income tax refund arises when the total tax paid by a taxpayer — either through TDS (Tax Deducted at Source), advance tax, or self-assessment tax — is more than the actual tax liability for a financial year.
This usually happens when:
- Your employer deducted excess TDS from your salary.
- You made last-minute investments eligible for deductions.
- You paid advance tax assuming higher income, but earned less.
- There were errors in tax calculations.
Whatever the reason, if you’ve overpaid, you’re legally entitled to get the excess tax back — and that’s your refund.
When Will I Get My Refund?
After you file your Income Tax Return (ITR) and complete e-verification, your return is processed by the Central Processing Centre (CPC). Once the CPC matches your declared income, TDS, and deductions with their records, they initiate your refund.
Under normal circumstances, refunds are processed within 20 to 45 days after e-verification. However, some people get it even faster, while for others it may take longer — depending on the accuracy of your return and the status of your bank account validation.
With taxeaz.in, your filing goes through several accuracy checks before submission, reducing the chances of delay drastically. We also ensure your bank account is validated properly — a common reason for refund failures.
How Will I Receive My Refund?
The refund is directly credited to the bank account that you have pre-validated on the income tax portal. So, make sure:
- Your account number is correct.
- Your bank is linked to your PAN.
- The account is active and not dormant.
Tip: Always use a primary savings account for refunds — one you check often.
If you use taxeaz.in, our system checks if your account is validated correctly before you even click “Submit.” We also remind you if your PAN-bank linkage is missing or outdated.
How to check ITR Refund Status?
You Can Check your refund status by following steps
- Visit the income tax e-filing website.
- Login with your PAN and password.
- Go to “View Returns/Forms.”
- Click on the relevant assessment year.
- Check the refund status shown there.
Why ITR Refund is Delayed?
There can be many reasons for a delay:
- Your ITR has not been e-verified.
- Your bank account is not pre-validated.
- Mismatch between Form 26AS and your ITR.
- Return filed late, or revised after original filing.
- The refund failed and bounced back due to incorrect bank details.
At taxeaz.in, we run automatic checks for all these issues before and after filing. If something goes wrong, our experts help you raise a correction or a grievance with the Income Tax Department — quickly and correctly.
What If My Refund Gets Rejected or Fails?
In some cases, the refund is processed but fails to credit due to:
- Wrong bank details
- Dormant account
- Technical issues at the bank’s end
You’ll get a message on your email or SMS stating the refund failure. Don’t panic. Simply update your bank account on the income tax portal and request a refund reissue.
taxeaz.in users can raise this request in a few clicks with our support team guiding the way. We even help you track the reissued status and ensure it reaches your account.
Will I Get Interest on Delayed Refunds?
Yes, the Income Tax Department pays interest on delayed refunds if:
- Your refund is more than 10% of the total tax paid.
- The refund was delayed beyond the usual processing period.
The interest is calculated at 0.5% per month from the 1st of April following the financial year till the refund date.
How Taxeaz.in Makes Refunds Easier, Faster, and Stress-Free?
Filing through Taxeaz.in means:
- Your PAN is matched with your bank account before filing.
- We check for TDS mismatches, deduction errors, or income inconsistencies.
- Real-time status tracking — no need to visit portals or call helplines.
- Expert support if your refund is delayed, rejected, or under review.
We don’t just file your taxes — we stay with you until your refund hits your bank.
