Income tax return, often known as IT refund, occurs when an Assessee's tax paid exceeds the amount he is obligated to pay. It is computed in accordance with numerous tax rules and portions of the Income Tax Act of 1961.

Filing the Income Tax Return (ITR) is required if a taxpayer wishes to receive an income tax refund for excess tax paid in a fiscal year. If you do not submit the ITR during the appropriate assessment year, you will not be eligible for a tax refund. You cannot check the progress of your IT refund online.