Many people file income tax returns at the beginning of the financial year. But, do you know how long can you get a refund by filing income tax returns in April? If not, then let’s know about this in detail here and along with this, know how you can save by filing ITR early.
The new financial year has started from April 1. With the beginning of the new financial year, the struggle to file income tax returns begins. However, there is a boom in July among the people regarding ITR. But, some taxpayers start filing in April or May. In such a situation, the advantage is that these taxpayers get a refund quickly. But, this process is not so easy. This is because before starting income tax return i.e. ITR filing, the Income Tax Department issues ITR forms for the assessment year. ITR filing starts only after the forms are issued.
The Income Tax Department had issued 7 different ITR forms in April last year. In such a situation, taxpayers are hopeful that this year also the Income Tax Department can issue forms for the 2025-26 assessment year in April. In such a situation, if you are also waiting for the Income Tax Department to issue ITR forms and file returns as soon as possible, then this article is for you. Yes, here we are going to tell you that if ITR is filled in April or May, then by when can your refund come.
When can you get a refund after filing ITR in April?
After the Income Tax Department issues ITR forms, the process of tax filing starts. People also call this process Income Tax Return Filing i.e. ITR. Now the question arises that when does one get a refund after filing ITR as soon as possible. So let us know about its process along with the answer here.
After filing ITR, when the taxpayer e-verifies his return, only then the refund process starts. According to the Income Tax website, it takes 4 to 5 weeks for the normal income tax refund to be credited to the taxpayer’s account. On the other hand, if your refund does not come in 4 to 5 weeks, then you will need to do a scrutiny check.
The Income Tax Department advises that if a taxpayer’s amount does not come in 4 to 5 weeks, then he must first check his ITR form to see if there is any mistake.
After checking the ITR form, check your email account to see if any mail has come from the Income Tax Department regarding the refund. Apart from this, you can also check your refund status by visiting the Income Tax Department website. Let us tell you, many experts believe that when the income tax refund can be received depends on many things. Out of which, how correctly the return form is filled, whether the TDS details and income details match with Form 26AS and AIS or not. Apart from this, when the e-verification has been done and how correct it is, also depends on when the refund can be received.
You can save tax with these hacks
Before filing income tax return, you must know about those things, with the help of which you can save tax. In which 80C comes first. Yes, in section 80C, by investing in things like ELSS, PPF, LIC, EPF and tuition fees, a tax exemption of 1.5 lakhs can be obtained.
Exemption in health insurance in 80D
If you have invested in life insurance, then also you can get tax exemption. You get exemption even if you pay premium not only for your own health insurance, but also for your parents.
Interest on home loan
If you have taken a home loan, the interest you pay on it can also be used to save tax. Under section 24(b), tax of up to Rs 2 lakh can be saved on home loan.
