Income Tax Refund (ITR) Status Check for FY 2024-25 (AY 2025-26)
An income tax refund is issued when the total tax paid, including TDS, advance tax, or self-assessment tax, is higher than the actual tax liability for a particular financial year. Taxpayers can claim this refund while filing their Income Tax Return (ITR). Once the return is processed and verified, the refund amount is credited directly to the bank account linked with the PAN. In most cases, refunds […]