Income Tax Refund: The Income Tax Department has started processing the income tax returns being filed for the current assessment year. You can find out what is the status of your return-refund…
Income Tax Refund Update: There is not much time left to file income tax return. This is the reason that now a record number of ITRs are being filed everyday. In the last few days alone, the number of total returns filed has doubled. The good thing is that people have started getting refund money as well.
So many returns in a week
According to the information available on the portal of the Income Tax Department, so far 11.31 crore individual taxpayers have been registered on the portal. Talking about the current season i.e. assessment year 2023-24, so far more than 2.61 crore income tax returns have been filed. About a week ago their number was around 1.30 crore. In this way, more than 1.25 crore returns have been filed in a week.
It is necessary to verify the return
According to statistics, out of these, about 2.41 crore income tax returns have also been verified. Let us tell you here that the work is not completed just by filing income tax return, but it is also necessary to verify it. The process of filing the return is considered complete only after verification. After that the Income Tax Department processes the return and if all the information is found correct, the refund claimed by the taxpayer is credited to the taxpayer’s account.
Fast processing
The Income Tax Department started processing income tax returns about a week ago. Now the process of processing income tax return has also gained momentum. According to the information given on the portal, the Income Tax Department has so far processed about 1.13 crore verified income tax returns. Most of these refund money has been credited to the eligible taxpayer’s account.
People started getting refund
If you have also filed income tax return, then you can check its status anytime. Soon after the return is filed, it is verified. Now the department is taking hardly a week for this work. The refund money is also received by the taxpayer within 1-2 days after the return is processed.
How to Check Refund Status (How to Check Income Tax Refund Status):
- First of all visit the e-filing portal of the Income Tax Department.
- Select the Quick Links option.
- You will see Know Your Refund Status in the dropdown menu, click on it.
- Now fill the details like PAN number, assessment year and mobile number.
- An OTP will come on your mobile number. Fill it up. After this you will see the status.
