Income Tax Refund Status - Check ITR Refund Status For FY 2024-25 (AY 2025-26)
An income tax refund is issued when the tax paid to the government exceeds the actual tax due. This overpayment can occur due to excessive tax deductions or overpayment of advance tax or self-assessment tax. If you find yourself in such a situation, you have the right to claim an income tax refund.
To check your ITR refund status, you can easily enter the required information into the provided form, and Tax2win will help you determine the status of your refund. Remember to file your return on time to speed up the process and receive your refund more quickly.
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What is Income Tax Refund?
An income tax refund is the amount a taxpayer receives from the government when they have paid more tax than their actual liability during a financial year. Excess tax can arise due to:
- TDS (Tax Deducted at Source) payments
- Advance tax or self-assessment tax payments
- Excess deductions claimed in ITR
Once the ITR is filed and verified, the Income Tax Department calculates the actual tax liability. If taxes paid exceed the liability, the excess amount is refunded.
Example:
If a taxpayer paid ₹15,000 in taxes for FY 2024-25 but the actual liability is ₹10,000, the refund due is ₹5,000. Refunds typically include interest at 0.5% per month from payment date to refund issuance.Note: To claim your refund, you must e-file your ITR, pre-validate your bank account, and e-verify your return.
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How to Claim an Income Tax Refund
- File your ITR with all income and tax details.
- After ITR processing, any excess tax will be refunded.
- Refund can be directly credited to your bank account.
- Track your refund status online via the Income Tax Department portal, NSDL, or Tax Pal Solutions refund status tool.
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How to Check Income Tax Refund Status for FY 2024-25
1. E-Filing Website
- Go to the e-Filing portal → e-File → View Filed Returns
- Click View Details to check current and past ITR statuses
2. TIN NSDL Website
- Visit TIN NSDL Refund Status
- Enter PAN and Assessment Year to check refund status
3. Tax Pal Solutions Tool
- Enter PAN, email, and assessment year
- Optional: acknowledgment number to check e-verification status
- View ITR and refund status easily
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Meaning of Refund Status
Status Meaning / Action No Result Found Details incorrect; verify PAN & acknowledgment number Refund credited to bank Refund processed; contact bank if not received Refund cheque encashed Refund fully processed and credited Refund Not Determined No refund after processing Incorrect account number Apply for refund reissue with correct account Defective Return (u/s 139(9)) Return incomplete or defective; rectify via e-filing Pending e-verification Verify return online/post within 30 days Processed with no demand/refund No additional tax or refund due; check intimation u/s 143(1) Processed with demand due Pay determined tax; respond via e-filing portal Processed with refund due Refund forwarded to bank; wait for credit Refund failure Incorrect bank details; place refund reissue request Digitally Signed Return successfully filed Under Processing Return not yet processed; no action needed Refund issued / re-issued Refund successfully credited ITR Accepted Received at CPC, pending processing Rectification processed with refund Refund generated after rectification Refund adjusted against demand Previous outstanding demand adjusted; respond to notice u/s 245 Tip: Always verify your ITR first before tracking your refund.
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Refund Processing Timeline
- Refund is generally processed within 4–5 weeks after e-verification.
- E-verification is mandatory for refund processing.
Steps for Refund Reissue:
- Go to Income Tax Portal
- Log in with User ID & password → Dashboard
- Services → Refund Reissue → Create request
- Select bank account → Proceed → Verify with EVC/Aadhaar OTP
- Submit request → Check refund status on dashboard
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Reasons for Income Tax Refund Delay
- Incorrect or incomplete bank/account details
- Manual verification by tax authorities
- Errors in tax return calculations or deductions
- Identity verification or suspected fraud
- Outstanding dues from previous years
- High volume of tax filings
- Changes in tax laws/procedures
Interest on Delayed Refunds:
- 0.5% per month from April 1 of AY till refund date (if return filed on time)
- If return filed late, interest from date of filing to refund date
- No interest if refund < 10% of assessed tax
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Modes of Refund Issuance
Mode Description RTGS / NECS Direct credit to bank account; fastest method Important: Pre-validation of bank account and PAN linking is mandatory for refunds (effective from March 1, 2019).
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Is Income Tax Refund Taxable?
- Principal refund amount: Not taxable
- Interest on refund: Taxable
- Interest rate: 6% per annum if refund >10% of tax paid
- Interest added to income in the year of receipt
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Maximizing Your Income Tax Refund
- File ITR on time (FY 2024-25 deadline: 15th September 2025)
- Use Tax Pal Solutions AI-powered self-filing platform
- Accurate documentation ensures maximum refund
- Option for expert CA assistance for complex cases
