The tax payer can check status of refund online.The TIN-NSDL website provides income tax refund status.The scheme is known as the “Refund Banker Scheme”.The 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. The whole refund process would be handled by State Bank of India.
Refunds are being sent in following two modes:
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.
Paper Cheque: Bank Account No, Correct address is mandatory.
Checking Your Refund Status Online
Step 1: Log in to the NSDL website https://tin.tin.nsdl.com/oltas/refundstatuslogin.html.
Step 2: Enter Permanent Account Number (PAN) in the available box. Choose the assessment year for which taxpayer desire to know the status and then click on submit.
Step 3: If refund has already been sent to the refund banker i.e. to SBI, then it will be mentioned with the details such as, cheque no,ECS no, date, etc. State Bank of India transfers refunds to tax payers either through ECS, or by way of a cheque.
In case where State Bank of India is yet to receive funds from the IT department, the tax payer will see the result as below.
The status of the refund would be available for tax payers, only 10 days after the refund has been sent by the Assessing Officer to the refund banker.
In case of non-receipt of tax refund, within a maximum of one year from the date of filing the tax return, the assessee could visit the tax department’s office for the follow up of the refund, or send a grievance letter addressed to the concerned Income Tax Assessing Officer, with the copy of the tax return acknowledgement.
For severe delays, a letter could be addressed to the Jurisdictional Chief Commissioner of the Income Tax, with a copy to the Grievance Cell and the concerned Income Tax Officer. Attach copies of any previous letters which may have been written to the Income Tax Assessing Officer, along with a copy of the tax return filed.
To get refund status, acknowledgement number given by Income Tax department is necessary.
