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The last date for filing income tax returns is ending today i.e. on 15 September. If the return is not filled till 12 o’clock at night before this deadline, then a fine of up to Rs 5000 can be imposed.
The last date for filing Income Tax Return (ITR) is ending today i.e. on 15 September 2025. So far, more than 6 crore people have filed their returns.
There are many of these people who are thinking that after filing tax, how long will their refund come in the bank account.
Here we are telling details related to refund through question and answer…
Question 1: How does the refund process start after filing ITR?
answer: After filing the ITR, he has to be verified. Then the tax department checks it under section 143 (1).
All this is automatic, but sometimes manual is also checked. If all is well, processing is done. So far more than 4 crore returns have been processed. ,
Question 2: When is the refund credited? How much time does it take?
answer: It depends on the sympathy of returns. If everything is fine, it can come in a week. Small refunds (less than Rs 15,000), sometimes processes in an hour and come to the bank on the same day. In many cases, it may take 1 month or more due to the long queue of pending applications.
Question 3: What is common problems that slow down refunds?
answer: The biggest is complication in returns, such as capital gains (profit selling profit) or business income. There is an extra verification in them. Apart from this, there are three big reasons…
- Wrong bank details: stopping refund process due to wrong account number or IFSC code.
- Delay in verification: No e-verification on time after filing ITR.
- High Return Number: Processing may take time for more returns.
Question 4: What to do if the refund is late?
answer: When the refund is late, login to the e-filing portal and see the refund status in the ‘View Returns/Forms’ section. Apart from this, check whether the bank account number and IFSC code recorded in ITR is correct or not. You can also call the helpline number (1800-103-0025 or 1800-419-0025).
Question 5: If the refund is late, you will get interest?
answer: Yes, the tax department gives 6% annual interest. Meaning, if the refund is delayed, the money will be available with interest. CA Chirag Chauhan of Mumbai says that small amounts come quickly, but it takes time for complicated returns. So keep the patient.
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Read this news related to tax too …
Today’s last day to file income tax returns: If you miss, a fine of up to ₹ 5 thousand, know how to file itr yourself
The last date for filing income tax returns is ending today i.e. on 15 September. If the return is not filled till 12 o’clock at night before this deadline, then a fine of up to Rs 5000 can be imposed. So far, more than 6 crore people have filed income tax.
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