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Direct Tax Refunds Surge 24 Percent: What to Do If Yours Is Pending
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Moneycontrol•15-10-2026, 14:58
Direct Tax Refunds Surge 24 Percent: What to Do If Yours Is Pending
- •Direct tax refunds rose 24.22 percent year-on-year to Rs 2,65,199 crore as of October 14, 2026, driven by higher corporate and non-corporate refunds.
- •Delays in receiving refunds can occur due to mismatches in tax credits between the ITR and Form 26AS, AIS, or TIS, or if the return has not yet been processed.
- •Taxpayers should check for outstanding tax demands from earlier assessment years, as refunds may be adjusted against previous dues.
- •Incorrect bank details, inactive accounts, or failure to pre-validate accounts on the e-filing portal can also prevent refunds from being successfully credited.
- •Taxpayers can check their refund status on the official Income Tax e-filing portal and raise a grievance or submit a refund reissue request if necessary.
Key Questions Answered
As of October 14, 2026, direct tax refunds rose by 24.22 percent year-on-year to reach Rs 2,65,199 crore.
Delays can occur if returns are not processed, or if there are discrepancies between tax credits claimed and data in Form 26AS, AIS, or TIS. Other causes include outstanding tax demands from earlier years, incorrect bank details, or unvalidated accounts.
Taxpayers can log in to the official Income Tax Department e-filing portal, go to the e-File menu, and check the filed returns section to monitor their refund status.
