Tax Payers Archives - Vizag One https://www.vizagone.com/tag/tax-payers/ Visakhapatnam - City of Destiny Mon, 09 Sep 2024 01:39:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.vizagone.com/wp-content/uploads/2023/11/cropped-vizagone-logo-500x500-jpg-32x32.jpg Tax Payers Archives - Vizag One https://www.vizagone.com/tag/tax-payers/ 32 32 Understanding Income Tax Filing and Refunds in India: A Complete Guide for Financial Year 2023-2024 https://www.vizagone.com/business/understanding-income-tax-filing-and-refunds-in-india-a-complete-guide-for-financial-year-2023-2024/ https://www.vizagone.com/business/understanding-income-tax-filing-and-refunds-in-india-a-complete-guide-for-financial-year-2023-2024/#respond Mon, 09 Sep 2024 01:39:00 +0000 https://www.vizagone.com/?p=27247 Learn about the latest updates on income tax filing and refunds in India for the financial year 2023-2024. Discover how to file your taxes, request refunds, and check your refund status in this comprehensive guide.

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]]> In India, income tax is levied on those who earn income above certain amounts. Accordingly, the last date for income tax filing for the financial year 2023-2024 is July 31. Although the deadline for income tax filing has been extended, no deadline has been extended. The Income Tax Department has clarified that the income tax payers should pay by July 31. Many people ended up paying income tax after this announcement by the Income Tax Department. Now many people are eagerly waiting to know when the Income Tax Refund will be available. If you still haven’t received your income tax refund, make a refund request. Here’s a step-by-step guide to help you through the process:

  1. Go to the Income Tax Department website
  2. Navigate to the service menu and click on “refund reissue”
  3. Select a reason for making the refund request
  4. Choose the bank account where you want to receive the refund
  5. Verify the selected bank account if it’s not already verified
  6. Proceed for verification and select an e-verification method (Aadhaar OTP, EVC, DSC)
  7. Receive an SMS with Transaction ID
  8. To check the refund request status, visit the service request section after submitting the refund request using the above method

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