How to find your Income Tax Refund Status Online

• Category: Uncategorized
• Dated: Tuesday, January 24, 2012

Income Tax Refund status can be found online at https://tin.tin.nsdl.com/oltas/refundstatuslogin.html . Once you visit the given site, just enter PAN number and the Assessment year to get the Income Tax Refund status.

Alternatively you can also contact SBI help desk by calling their Toll free number 18004259760 or email them at itro@sbi.co.inor refunds@incometaxindia.gov.in.

Refund is valid only for those who file returns in time. Any delay in filing returns then one may loose interest on the refund.

The following are the different status of Income Tax Refund:

1. Change in Address

2. Cheque Encashed Status

It is the State Bank of India acts as refund banker to the Income Tax Department.

One can select either ECS or Cheque or DD. If it is ECS then amount deposited directly into the bank account of the tax payee.

Status of refund online available only 10 days after refund has been sent to refund banker (SBI).

Here is the website link to check the refund status online:

https://tin.tin.nsdl.com/oltas/refundstatuslogin.html

Refund Banker Scheme

The 'Refund Banker Scheme,' which commenced from 24th Jan 2007, is now operational for taxpayers assessed all over India (except at Large Taxpayer Units) and for returns processed at CPC (Centralized Processing Centre) of the Income Tax Department at Bangalore.

In the 'Refund Banker Scheme' the refunds generated on processing of Income tax Returns by the Assessing officers/ CPC-Bangalore are transmitted to State Bank of India, CMP branch, Mumbai (Refund Banker) on the next day of processing for further distribution to taxpayers.

Refunds are being sent in following two modes:

1. RTGS / NECS: To enable credit of refund directly to the bank account, Taxpayer.s Bank A/c (at least 10 digits), MICR code of bank branch and correct communication address is mandatory.

2. Paper Cheque: Bank Account No, Correct address is mandatory.

Taxpayers can view status of refund 10 days after their refund has been sent by the Assessing Officer to the Refund Banker - by entering 'PAN' and 'Assessment Year' below.

Other Refunds

Status of 'paid' refund, being paid other than through 'Refund Banker,' can also be viewed at www.tin-nsdl.com by entering the 'PAN' and 'Assessment Year' below.

'Refund paid' status is also being reflected in the 'Tax Credit Statements' in Form 26AS.

 

Here is the website link to check the refund status online:

https://tin.tin.nsdl.com/oltas/refundstatuslogin.html

• Author: Smart Business Soltuions

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