How to track your income tax refund status online
It is mandatory to file your income tax return (ITR) for various reasons, especially if you have a tax refund to claim. Once you file your ITR, the income tax department does the assessment, and refund, if any, gets credited directly into your pre-validated bank account.
When does a tax refund become due and how do I claim it?
According to income tax rules, tax needs to be deducted at sources of income at prescribed rates, by the payer. Sources of income can be salary, interest, commission, rent, brokerage, professional fees, royalty, and others. So, in the case of salary, the rate of tax deducted at source (TDS) should be in line with the income tax slab applicable to the individual.