ITR Refund Time: How Long Will It Take For AY 2024-25?

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ITR refund time can be based on several factors like how you file your return (online or offline), accuracy of details provided, scrutiny requirements and the efficiency of processing by the tax authorities.

If there are no discrepancies and everything is in order, refunds can be processed within a few weeks to months after filing.

ITR Refund Time

The due date for submitting ITR for the Assessment Year 2024-25 is July 31, 2024. To claim any eligible tax refunds ensure timely filing.

What triggers an income tax refund?

Refund initiated by the IT department if you have paid taxes above than your actual liability.

Tax is calculated considering all deductions and exemptions during assessment.

When does the income tax refund processing starts?

It starts only after the return is e-verified by the taxpayer.

Processing Time for Different ITR forms

  • ITR 1 & 4: ITR refund processed within 20-45 days if there are no demands or refunds. If a TDS refund is claimed, processing may be delayed.
  • ITR 2 & 3: Generally refund processed within 45-60 days.

How To Check Refund Status?

If you’re expecting a refund and have not received it yet, then you can check the status on the Income Tax Department’s portal:

  • Go to e-Filing Portal Homepage and enter user ID and password.
  • If PAN is not linked with Aadhaar, a pop-up message will inform you. You can choose to link them or continue.
  • Go to e-File tab > Income Tax Returns > View Filed Returns.
  • Select the desired assessment year to view refund status.
  • Click on “View Details” to check the status and life cycle of your filed ITR.
  1. Refund Status Types
  2. Refund Issued
  3. Refund Partially Adjusted
  4. Full Refund Adjusted

Reasons for Refund Failure

  • If PAN is inoperative, refund will fail and a warning message will prompt linking PAN with Aadhaar.
  • If bank account not pre-validated
  • Name in the bank account does not match PAN details.
  • Invalid IFSC Code.
  • The account mentioned in ITR is closed.

Click Here To Know How To Revised Income Tax Return

FAQs

How long does it take to receive an income tax refund?

Generally it takes 4-5 weeks to credit the refund to the taxpayer’s account.

Why is my ITR refund delayed?

If details are incorrect it can lead to non-receipt of the refund. Ensure your account details are correct to receive your refund.

Why is my ITR status under processing?

Your ITR might be under processing because the information you submitted doesn’t match with Form 26AS or the Annual Information Statement (AIS).

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