How many days it takes to get tax refunds after filing ITR : So far, more than 5 crore taxpayers have filed ITR i.e. Income Tax Return (ITR) for the assessment year 2024-25. On this Friday, July 27, the Income Tax Department gave this information in a post on the social media platform (X). Through the post, the department informed that so far more than 5 crore ITRs have been filed on the e-filing portal during the current financial year 2024-25. During this, the taxpayers who have filed tax returns and paid extra tax to the government are now eagerly waiting to get a refund from the Income Tax Department.
Once the income taxpayers file their returns and see that they owe some amount to the Income Tax Department due to the extra tax paid, you may wonder how long it will take to process the ITR and when you will get a refund from the department. But it is important to understand that crores of taxpayers file their returns during July, it takes time for the Income Tax Department to scrutinise and process such a huge amount of data, although most of these processes are automated as well.
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According to the data available on the Income Tax Department website, 5.14 crore taxpayers have filed income returns for the assessment year 2024-25. Out of these, 4.67 crore returns have been verified so far and 2.22 crore ITRs are in process.
We express our gratitude to the taxpayers & tax professionals for helping us reach the milestone of 5 crore Income Tax Returns (ITRs).
Over 5 crore ITRs for AY 2024-25 have already been filed till 26th of July this year as compared to 27th of July last year.
We urge all those… pic.twitter.com/PNPnRQdf44
— Income Tax India (@IncomeTaxIndia) July 26, 2024
How many days it takes to process an ITR
After filing the income tax return, the next step is verification. Currently, the facility of verification is available online as well as offline. Verification through online medium is called e-verify. After tax return verification, it usually takes 15 to 45 days to process it. If a taxpayer gets the verification done through offline medium (ITR-V form), then such tax return may take more time to process.
How long does it take to get the tax refund once ITR is processed?
After filing the return, many taxpayers have a question that how long will they get their refund from the Income Tax Department? Generally, according to the Income Tax Department, it takes 4 to 5 weeks to deposit the refund in the account of the income taxpayers. However, if the refund does not come from the department within this period, then the taxpayers should check the flaws in the filed ITR. Apart from this, one should also keep an eye on the inbox of the registered mail ID used during return filing and see if any mail related to refund has come from the department. Apart from this, taxpayers can also check their refund status by visiting the e-filing portal of the Income Tax Department.
Did you get tax refund from the Income Tax Department or not? How to check (How to check tax refund status online)
If you have filed return for assessment year 2024-25 and paid tax, then you can check your refund status by following the steps given here.
First of all go to the official website of Income Tax Department incometax.gov.in or e-Filing portal.
Now log in with the help of PAN card, Aadhar card or other user ID.
Go to the e-file section visible on the screen and click on the View Filed Returns option under the Income Tax Return option.
Here you will see the status of your ITR.
Apart from this, you can also check your refund status by clicking on View ITR Status visible on the screen as soon as you log in.
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You can also check your refund status with the help of these steps
First of all go to the homepage of the e-Filing portal.
Now click on Income Tax Return i.e. ITR Status.
On the ITR status page, enter your acknowledgement number and mobile number registered with the Income Tax Department and click on the Continue button.
Now a 6 digit OTP will be sent to your mobile number. In the next step, enter it and click on the submit button.
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Keep these things in mind too
The OTP received on the mobile number remains valid only for 15 minutes.
You get 3 chances to enter the correct OTP.
The OTP expiry countdown timer on the screen tells you when the OTP will expire.
By clicking on Resend OTP, a new OTP will be generated and will be sent to your mobile number again.
You will be able to check ITR status only after successful verification.
If your PAN has been de-activated, then there will be no refund. In such a case, link your PAN with Aadhaar by paying the prescribed fee under section 234H. After doing this, your PAN will be activated and you can check its status by following the procedure.
