An income-tax refund is the amount returned or paid by the Income-tax Department of India to taxpayers when their tax payments exceed the actual tax liability for a given financial year.
A taxpayer may be eligible to get a tax refund under certain circumstances.
- When TDS that has been deducted from your salary, interest on bank deposits, interest on bonds, etc. are much more than the actual liability, you can claim a tax refund.
- The advance tax paid on self-assessment is much more than the tax liability should be according to the regular assessment.
- You have not submitted your tax-saving investment proofs as a result of which you had to pay more taxes.
- Double taxation of your income.
Kindly visit myITreturn.com and scroll down to the bottom of the page where you will find the footer section.
- Enter PAN, E-mail ID Assessment Year and Captcha Code. Click on "Check Refund Status"
- Check your Income tax refund status by just entering your PAN and selecting Assessment Year.
If you have any further questions about filing, please send us an email at support@myitreturn.com.
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