Many taxpayers across India are still waiting for their income tax refunds for FY 2024-25, causing concern and confusion. While the Income Tax Department has processed a large number of returns, several cases are still pending due to verification checks, mismatches, or banking updates.
Here’s a detailed look at the expected refund timeline, the main reasons for delay, and what taxpayers need to know.
Expected Timeline for Income Tax Refund FY 2024-25
Typically, once your ITR is processed and verified, refunds are issued within:
7–45 days for clean and error-free ITRs
Longer if additional checks or corrections are needed
For many taxpayers in FY 2024-25, delays are occurring due to:
High processing volume
Additional document verification
Automated mismatch checks
Banking validation delays
Refunds are still being issued in batches, so pending taxpayers can expect movement in the coming weeks.
Top Reasons for Income Tax Refund Delays
1. ITR Not Yet Processed
Even if your ITR is filed and verified, it must be processed before the refund is approved.
Processing is sometimes slower for:
Salaried taxpayers with multiple incomes
Business returns
Returns claiming deductions or exemptions
Returns flagged for verification
2. Aadhaar–PAN–Bank Account Mismatch
Refunds are directly credited to bank accounts that are:
Pre-validated,
Linked with PAN, and
ECS-enabled
If your bank details do not match exactly, your refund gets stuck.
3. Outstanding Tax Demand or Previous-Year Adjustment
If there is any:
Past tax demand
Interest pending
Old mismatch
your current refund may be adjusted or paused until resolved.
4. Verification Issues in Form 26AS / AIS / TIS
Refunds may be delayed if:
TDS not deposited by employer
Interest income mismatch
Reporting differences between AIS and your ITR
High-value transactions under scrutiny
These trigger auto-checks within the IT system.
5. Manual Review Triggered
Some cases require manual intervention when:
Large refunds are claimed
Major losses are carried forward
Multiple deductions are claimed
International income is declared
This extends the timeline beyond the standard processing cycle.
What Can Taxpayers Do?
âś” Check ITR Status on Income Tax Portal
Look for statuses like:
“Processed with refund”
“Processed with no refund”
“Refund sent”
“Refund failure”
âś” Ensure Bank Account is Pre-validated
If not, update immediately on the portal.
âś” Track Refund via TIN-NSDL Refund Status
Check if refund failed due to account issues.
âś” Respond to Any Notices
If you received a notice under Section 143(1), 143(2), or 139(9), reply promptly.
âś” Raise a Refund Reissue Request
If your refund failed, you can request a reissue online.
Should You Be Worried?
Not necessarily.
Most delays for FY 2024-25 are system-based and relate to automated matching checks. Refunds are being processed batch by batch, and taxpayers with clean filings are likely to receive them soon.
FAQs
1. How long does a refund usually take?
7–45 days after ITR processing.
2. My ITR is processed but refund not received. Why?
Bank details may not be validated, or refund may be awaiting batch release.
3. What if my refund failed?
Update bank details and submit a Refund Reissue request.
4. Can mismatches delay refunds?
Yes, mismatches in AIS, TDS, or Form 26AS frequently delay refunds.
5. Will the delay affect interest on refund?
Yes — if delay is from the department’s end, interest may be paid as per Section 244A.
Published on : 25th November
Published by : SMITA
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