Income Tax Refund
Income Tax Refund
A tax return is the completion of documentation that calculates an entity or individual's income earned and the amount of taxes to be paid to the government or government organizations or, potentially, back to the taxpayer.
A tax refund is a reimbursement to taxpayers who have overpaid their taxes, often due to having employers withhold too much from paychecks. The U.S. Treasury estimates that nearly three-fourths of taxpayers are over-withheld, resulting in tax refunds.The income tax refund should be credited to your bank account within 45 days of ITR processing. If it takes longer, you should check with the CPC on why it is getting delayed.
