Income Tax refund: There is not much time left to file income tax return. Due to this, now a record number of ITRs are being filed every day. In the last few days, the total number of return filers has doubled. The important thing is that now people have started getting refund money as well.
So many returns in one week
According to the information available on the Income Tax Department portal, 11.31 crore individual taxpayers have been registered on the portal so far. More than 2.61 crore income tax returns have been filed so far for the current assessment year 2023-24. About a week ago their number was around 1.30 crore. Thus, more than 1.25 crore returns have been filed in a week.
Return must be verified
According to the data, verification of about 2.41 crore income tax returns has also been completed. So the job is not only completed by filing the income tax return, but it also needs to be verified. The process of filling the return is considered complete only after verification. The return can then be processed by the Income Tax Department. If all the information is found correct, the refund claimed by the taxpayer is credited to the taxpayer’s account.
Process faster
The Income Tax Department had started the process of returns a week ago. Now he has speed. According to information provided on the portal, the Income Tax Department has so far processed around 1.13 crore verified income tax returns. Most of these refunds have been credited to the accounts of eligible taxpayers.
Deposit of refund money
If you have filed income tax return as well, you can check its status anytime. The return is verified immediately after filing. Now the department is taking a week for this work. The refund money is also transferred to the taxpayer’s account within 1 to 2 days after processing the return.
How to Check Income Tax Refund Status:
- First of all visit the e-filing portal of Income Tax Department.
- Select the Quick Links option.
- In the dropdown menu you will see Know Your Refund Status. Click on it.
- Now fill the details like PAN number, assessment year and mobile number.
- An OTP will be sent to your mobile number. fill it up After this you will see the status.
