TDS comprises tax deducted at the income source and remitted to the Central Government's account while an individual receives the remaining amount as earnings.
However, a refund for this TDS arises when you pay TDS higher than your actual payable tax for an FY. If you face such circumstances in a given financial year, you can claim a refund and apply for the same.
The government has made it easier for taxpayers to track their deducted tax and TDS refund status.
Keep reading to know this process in detail in addition to other information!
After applying for a refund, you can check TDS refund status online.
Here is a step-by-step guide -
Step 1: Visit the e-Filling website and log in with your credentials.
Step 2: Click on: E-file > Income Tax Return > View Filled Return
Step 3: You will get the status of your Income Tax Return Processing. If return has been processed perfectly Refund will be credited to your prevalidated bank account.
Step 4: If Refund has been failed then you can create refund reissue request by following these steps: DashBoard > Services > Refund Reissue > Create Refund Reissue Request.
This is how you should check TDS return status online.
Besides checking the status of TDS returns or refunds, individuals should also remain updated about the status of their deposited tax.
Taxpayers use a TDS challan to deposit TDS with the government.
You can check your TDS challan status by following these steps -
There are 2 options available for taxpayers to check TDS challan status in TIN. These are -
CIN Challan Status
Step 1: Visit the official website of NSDL and choose CIN (Challan Identification Number).
Step 2: Provide all relevant information, such as BSR Code of Collecting Branch, Challan Tender Date and other crucial details.
Step 3: Select "View", and the information will display on-screen.
You can view the following information -
TAN Challan Status
Step 1: After visiting the NSDL website, click on “Challan Enquiry”. Select the TAN based view.
Step 2: Enter your TAN number, deposit date, month and year.
Now, you can view the following information -
Remember: If you enter an amount against CIN, the system will verify whether your entered amount is similar to the one uploaded by the bank.
In both cases, if you notice "no records found" and it has been more than 1 week, contact the bank through which you have deposited your TDS challan.
Tax collecting banks can opt from the 2 options to check TDS challan status.
The tax collecting branch can view the total number of challans deposited and the total amount for each major head code. It needs to provide branch scroll date, major head code with description.
Other important details include -
A nodal bank branch can view the following information -
With each scroll date, it can view -
As a deductor, you can also check challan status on TRACES. TRACES is a new portal with an improved user interface.
Step 1: Register yourself on TRACES or log in using your existing TIN and TAN User ID and password.
Step 2: Select “Statements or Payment” and choose "Challan Status" from the drop-down list.
Step 3: Select CIN and click on "Period of Payment", and select "Go" to proceed.
The result will be displayed on the screen.
As a taxpayer, you need to file a TDS return and submit the same each quarter of a financial year to the Income Tax Department. This quarterly statement summarises the TDS collected and the tax paid by a payer to the Income Tax Department.
Check all important TDS statuses by following ways -
1. Visit the official TRACES portal.
2. Enter the verification code or captcha and select "Proceed."
3. Provide the following relevant details -
Complete the process by hitting "Go."
You can check the TDS status via Form 26AS by the following methods -
You can open the password-protected file by entering your date of birth in format DDMMYYYY. Another available option is checking the TDS return statement through the net banking portal. You must link your PAN card to the net banking portal to check the same.
Thus, these are ways through which you can check the TDS refund status or other important details.
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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