Income tax return (ITR): How to check IT refund status online
A taxpayer can check status online for income tax refund in 5 steps
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A taxpayer can check status online for income tax refund in 5 steps
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ITR (Income Tax Return): Individual taxpayers can be levied a fine of Rs 5,000 for missing the deadline to file tax returns.
Any discrepancy in the information submitted in the tax return and details of Annual Income Statement (AIS) and Taxpayer Information Summary (TIS) may invite a notice from the Income Tax Department.
Income tax is levied on the basis of a slab system. This means, different tax rates are prescribed for different ranges of income.