How to check status of your income tax refund?
Updated : May 04, 2020 08:32 PM IST
Income tax refund is received by the taxpayers when the taxes paid are higher than the actual tax liabilities.
An online facility provided by the Income Tax (I-T) department enables taxpayers to claim any excess payment of tax.
The taxman refunds the excess tax through an electronic transfer or a cheque, depending on the method used by the assessee while filing the income tax return (ITR).