Good news: Government order to deposit income tax refund of up to Rs 5 lakh in immediate account

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New Delhi, April 8, 2020 Wednesday

The government has made a big decision, relieving ordinary taxpayers and businessmen in this crisis of the Corona virus epidemic. The Finance Ministry has immediately ordered a tax refund of up to Rs 5 lakh. 14 lakh taxpayers will benefit from this decision.

The finance ministry has also ordered a tax refund of GST and customs. This will provide relief to 1 lakh businessmen and MSMEs. The government will announce a total refund of Rs 18,000 crore.

Income tax refund

E-Verification is done after filing income tax. Then it takes 2 to 3 months to receive the Income Tax Refund. However, sometimes credit is due within 15 days.

The status of income tax refunds can be found on the Income Tax e-filing portal and NSDL website. Taxpayers are required to note the PAN number and the Assessment Year.

This is how you can view your refund status on the Income Tax e-filing portal

Step 1 - First go to income tax e-filing portal incometaxindiaefiling.gov.in

Step 2 - Then enter your User ID, Password, Date of Birth and Captcha Code and log in to your account Step 3 - Now click on the View Returns / Forms tab

Step 4 - Now here you have to register your PAN number. Now select the Tax Return and Assessment Year from the drop-down list and click on Submit button.

Stop 5 - Now click on the Acceptance Number and you will see the status of the income refund.

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