Did you know that if your employer or bank deducted excess TDS (Tax Deducted at Source), you’re eligible to get that money back? Claiming your Income Tax Refund is a straightforward process, and in this guide, we’ll help you understand how to claim tax refund online for FY 2024–25 (AY 2025–26).
What is a Tax Refund?
A tax refund is the amount the Income Tax Department returns to you if you’ve paid more tax than your actual liability. This could happen due to extra TDS from salary, interest, or other sources, or if you forgot to claim deductions.
Who Can Claim a Tax Refund?
Any taxpayer – salaried employee, freelancer, pensioner, or business owner – who has paid excess tax can claim a refund. Ensure you have filed your Income Tax Return for the relevant financial year to initiate the process.
Documents Required to Claim a Refund
- PAN Card
- Aadhaar Card
- Form 16 / Salary Slip
- Bank Account Details (Pre-validated)
- Form 26AS and AIS
- Investment Proofs (if applicable)
- Rent Receipts / Loan Certificates (if deductions are applicable)
Step-by-Step Guide to Claim Your Tax Refund Online
- Log in to the Income Tax e-Filing portal (https://eportal.incometax.gov.in)
- Go to ‘File Income Tax Return’ for AY 2025–26.
- Choose the correct ITR form based on your income type (check this table to know which ITR form is applicable to you).
- Auto-fill your details using Form 26AS and AIS.
- Declare deductions and exemptions under sections like 80C, 80D, etc.
- If refund is due, the system will calculate and show the amount.
- Submit your ITR and e-verify it within 30 days using Aadhaar OTP or Net Banking.
- Once verified, your return will be processed, and the refund will be credited directly to your bank account.
How Long Does It Take to Get a Refund?
Usually, refunds are processed within 7 to 90 days after successful e-verification. Keep an eye on your registered mobile/email for refund status updates or track it from the dashboard of the e-filing portal.
Common Reasons for Delay in Refund
- Bank account not pre-validated
- Incorrect ITR form used
- Discrepancy in TDS and reported income
- Failure to e-verify ITR
- Mismatch in AIS/Form 26AS
Final Thoughts
Claiming your tax refund online has never been easier, provided you follow the correct process and avoid common mistakes.
Need help filing your ITR and claiming your refund for FY 2024–25? Chat with us now on WhatsApp and get started instantly! Alternatively you can book our ITR filing services by visiting our website.
Never Miss an Update on Tax & Compliance. Sign Up Today!
Stay ahead of tax and compliance updates. Join over 2,500+ business owners and professionals who receive expert insights and actionable tips every week.
