Its always a painful thing to wait for the income tax refund, if we happen to invest more than what is required. Say for example, few of us would go for donation or charity which comes under 80G. Now a days 80G is not considered for Income Tax(IT) deductions in many of the Software service companies. Hence we have to claim tax refund for 80G related only when we file our IT returns for that financial year. So this becomes an excess money which would be returned by the IT department in the next financial year.
Checking The Refund Status
If you happened to pay more tax and waiting for the refund, Income Tax Departement of India has a website that provides the status of tax refunds. To know the status, point your web browser to https://tin.tin.nsdl.com/oltas/refundstatuslogin.html, enter your 10 digit PAN ID and select the financial year for which you want to the refuntd status.
Modes of Refund Payments
If you had opted for Electronic Clearing Service(ECS) mode of payment, your refund amount would be directly credited in your bank account details provided at the time of filing your IT returns. Otherwise you would receive a State Bank of India cheque.