To receive your tax benefits, it’s crucial to understand how to file your income tax refund. You can follow the instructions in this guide on how to claim your income tax refund step-by-step and learn about key requirements and concerns.
Step 1: File Your Income Tax Return Electronically:
Filing your Income Tax Return electronically is prerequisite to be eligible for an income tax refund. Ensure that you accurately report your income and deductions in your electronic return.
Step 2: Reflect the Refund Amount in Your Income Tax Return:
When filing your Income Tax Return electronically, clearly enter all the taxes paid during the year so that the refund amount is reflected accurately in the designated section of the return form. This will help the tax authorities process your refund efficiently.
Step 3: Claiming the Refund in Iris:
If your Income Tax Return results in a refund, you must file a separate application through Iris portal. The application allows you to claim the refund amount officially. Keep track of the status of your application by visiting your relevant Regional Tax Office (RTO).
