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Taxpayers who have submitted their Income Tax Return (ITR) and have been qualified for a refund can now easily check the status of their online refund using their Permanent Account Number (PAN).
The refund processing begins only after a persons' ITR is successfully e-verified.
Who is eligible for an income tax refund?
A taxpayer becomes eligible for an income tax refund when the Income Tax Department determines that more tax has been paid during the year.
This happens when TDS deductions surpass the pending tax amount when advance tax which when paid is higher than the actual tax liability.
Why are income tax refunds delayed?
There can be several reasons in delay of income tax refunds and the primary one is that the bank account is not pre-validated - which has now become mandatory to receive refunds.
Income tax refunds may also be delayed if the bank account name does not match the name on the PAN card or if the IFSC code is invalidated or incorrect.
Refunds are delayed when the mentioned bank account of closed/inactive, when the PAN is not linked to Aadhaar.
How to check income tax refund status through PAN card?
1 - Visit https://www.incometax.gov.in
2 - Log in using your PAN details, password and required OTP.
3 - Go to the e-file section, select Income Tax Returns and click View Filed Returns.
4 - The returns that a person has filed for each year should be visible with the status of your refund that where it has been processed, issued or is if it is still pending.