CTC Calculator

Tax Refund Estimator

Estimate your potential tax refund based on your income, deductions, and tax credits. Our calculator helps you understand your expected refund amount and timing.

Understanding Tax Refunds

A tax refund occurs when you've paid more tax than your actual liability. This can happen due to various reasons:

Common Reasons for Tax Refunds

  • Excess TDS (Tax Deducted at Source)
  • Advance tax payments exceeding actual liability
  • Unclaimed deductions in previous returns
  • Tax-saving investments made after TDS deduction

Refund Process

  • File your income tax return
  • Wait for processing (typically 2-3 months)
  • Receive refund directly in your bank account
  • Track refund status on the income tax portal

Frequently Asked Questions

How long does it take to receive a tax refund?

Typically, tax refunds are processed within 2-3 months of filing your return. However, it can take longer if your return is selected for scrutiny.

What should I do if my refund is delayed?

If your refund is delayed beyond the normal processing time, you can:

  • Check refund status on the income tax portal
  • Contact your assessing officer
  • File a grievance on the income tax portal

Can I claim interest on delayed refunds?

Yes, you're entitled to interest on delayed refunds at 0.5% per month from the date of filing your return until the refund is issued.