ITR Return 2022-2023: Last Date, Refund Status, Tax Slab & More

To file an Income Tax Return (ITR) online, you will need to first register on the e-filing portal of the Income Tax Department of India (https://www.incometaxindiaefiling.gov.in/home). Once you have registered, you can log in and select the appropriate ITR form for your tax filing. You will need to provide details such as your personal information, income, and tax deductions. After filling in the form, you can validate and submit it, along with any necessary documents or proofs. It’s also possible to e-verify your ITR using Aadhaar OTP, EVC (electronic verification code), or DSC (digital signature certificate). Once the process is complete, you will receive an acknowledgement receipt.

ITR Return 2022-2023

Steps to Check ITR Refund Status Online

To check the status of your Income Tax Return (ITR) refund, you can follow these steps:

  1. Go to the official e-filing portal of the Income Tax Department of India (https://www.incometaxindiaefiling.gov.in/home) and log in to your account.
  2. Click on the “View Returns/Forms” option, and select the appropriate assessment year for which you want to check the refund status.
  3. Click on the “View” button next to the relevant ITR form, and then click on “Track Refund Status.”
  4. You will be redirected to a new page where you can see the status of your refund. The status will be updated regularly, and you can check it again in the future if needed.
  5. You can also check the refund status through the “Refund Banker Scheme” option if your refund is processed through the bank.

Note: It may take a few days to a few weeks for the refund status to appear on the e-filing portal, so you should check back periodically.

What to do If ITR Refund not Received in your account

If you have filed your Income Tax Return (ITR) and are expecting a refund, but have not received it, there are a few steps you can take:

  1. Check the status of your refund: Go to the e-filing portal of the Income Tax Department of India (https://www.incometaxindiaefiling.gov.in/home) and log in to your account. Check the refund status of your ITR to see if it has been processed and if any issues have been identified.
  2. Verify your bank account details: Ensure that the bank account number and IFSC code provided in your ITR are correct. If there are any errors, contact your bank and update the details on the e-filing portal.
  3. Contact the Income Tax Department: If the status of your refund shows as “Refund Sent,” but you have not received it, you can contact the Refund Monitoring Cell of the Income Tax Department. You can find the contact details on the e-filing portal.
  4. File a grievance: You can also file a grievance on the e-filing portal if you have not received your refund within a reasonable time period.
  5. Submit a physical refund re-issue request: If you have not received the refund for more than 30 days of the refund sent date, you can submit a physical refund re-issue request to the CPC- Refund bank section.

Note: It’s advisable to keep all the documents and proofs ready while following the above steps, in case they are required.

Income Tax Slab 2022-2023

It is necessary to file an Income Tax Return (ITR) if your taxable income exceeds the basic exemption limit set by the government of India. The basic exemption limit is determined based on your age and tax slab you fall under. For the Financial year 2022-2023, the basic exemption limit for individuals below the age of 60 is Rs. 2,50,000, and for those above 60 but below 80 is Rs. 3,00,000, and for those above 80 is Rs. 5,00,000. If your income is above the basic exemption limit, it is mandatory to file an ITR.

All these people whose income up to Rs. 5,00,000 won’t need to pay income tax.

Additionally, even if your income is below the basic exemption limit, it is still advisable to file an ITR if you have made certain investments or have claimed tax deductions, as it may help you claim a refund.

Filing an ITR is also mandatory for certain individuals, such as company directors, public servants, and professionals, regardless of their income levels.

It’s also important to note that non-filing of ITR beyond the due date attracts penalty and interest.

Income Tax Return Portal Basic Information

The official Income Tax Return (ITR) e-filing portal of the Income Tax Department of India is https://www.incometaxindiaefiling.gov.in/. This portal is used for filing ITRs, checking refund status, and accessing other services related to income tax. You can register on the portal by providing your basic details such as PAN, name, and contact information. Once you have registered, you can log in and access various services, such as:

  1. Filing ITRs – You can select the appropriate ITR form and fill in your personal and financial information.
  2. Checking refund status – You can check the status of your refund, once the processing of your ITR is done.
  3. Viewing and downloading ITR-V – You can view and download the ITR-V form, which is the acknowledgement receipt for your ITR filing.
  4. Checking tax credit statement (Form 26AS) – You can view and download your Form 26AS, which shows the details of taxes paid and credit received against your PAN.
  5. Tracking status of your ITR and rectifying errors – You can track the status of your ITR and rectify any errors that may have been found during processing.
  6. E-verify your ITR – You can e-verify your ITR using Aadhaar OTP, EVC (electronic verification code), or DSC (digital signature certificate).

The portal is user-friendly, and the process of filing ITR is simple and easy to follow.

Income Tax Return Rules set by Government of India

The Income Tax Return (ITR) rules in India are governed by the Income Tax Act, 1961 and the rules and regulations issued by the Income Tax Department of India. The following are some of the important rules and regulations related to ITR filing in India:

  1. Filing Due Date: The due date for filing ITR for the financial year 2021-2022 is 31st May 2022 without any penalty and 31st December 2022 with penalty.
  2. Eligibility to File ITR: It is mandatory to file ITR if your taxable income exceeds the basic exemption limit set by the government. The basic exemption limit is determined based on your age and tax slab you fall under.
  3. ITR Forms: The Income Tax Department provides various ITR forms for different types of taxpayers and income sources. The form to be used will depend on the nature of income and type of taxpayer.
  4. E-filing: It is mandatory to file ITR electronically for certain categories of taxpayers, including companies, firms and individuals whose total income exceeds Rs. 5 Lakhs.
  5. Verification of ITR: The ITR can be verified by sending a signed copy of the ITR-V to the Central Processing Center of the Income Tax Department or by e-verifying the ITR using Aadhaar OTP, EVC (electronic verification code), or DSC (digital signature certificate).
  6. Rectification of Errors: If any errors are found in the ITR, the taxpayer will be given an opportunity to rectify them.
  7. Penalties: Non-filing of ITR or delayed filing of ITR beyond the due date may attract penalty and interest.
  8. Refunds: If the taxpayer has paid more tax than what was due, the excess amount will be refunded to the taxpayer.

It’s important to keep in mind that these rules and regulations are subject to change, and it’s advisable to check the official website of the Income Tax Department of India for the latest information.

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