Are you waiting for your tax refund? Many taxpayers in India look forward to their income tax refunds after filing returns. Checking your ITR refund status by PAN is now easier than ever. This quick process helps you track when your money will reach your bank account.
Filing taxes on time is important. But getting your refund quickly matters too. The Income Tax Department provides simple ways to check your refund status. All you need is your PAN and a few minutes of your time.
This article will guide you through the process of checking your ITR refund status by PAN for FY 2024-25. We will also share tips on speeding up your refund. Plus, learn how planning your taxes can help with major life goals like buying a home through options like Bajaj Housing Finance Home Loan.
What is income tax refund?
An Income Tax Refund happens when you pay more tax than you owe. The government returns this extra amount to you. This often occurs when your employer deducts too much TDS from your salary. It can also happen when you claim deductions or tax credits in your return.
The Income Tax Department processes these refunds after they check your ITR filing. Your ITR refund status by PAN lets you track this process. Refunds normally reach your bank account through direct transfer within a few weeks after processing.
Income tax refund calculation formula
Understanding how your refund is calculated helps you plan better. Here is a simple formula:
Total taxes paid – Actual tax liability = Your refund amount
| Refund calculation | Description |
| Total taxes paid | All taxes paid during the year including TDS, advance tax, and self-assessment |
| Actual tax liability | The tax you should pay based on your income and applicable tax slabs |
For example, if you paid Rs. 75,000 in taxes but your actual tax liability is Rs. 60,000, you will get a refund of Rs. 15,000. The ITR refund status by PAN helps you track when this amount will reach you.
How to check ITR Refund Status by PAN
Checking your ITR refund status by PAN is simple. You can do this through the Income Tax e-filing portal. The process takes just a few minutes.
First, visit the official website at incometax.gov.in. Log in using your PAN as username and your password. Next, go to "Services" and select "Refund/Demand Status." The system will show your current refund status.
You can also check through the NSDL TIN website. Enter your PAN and assessment year. The site will display your ITR refund status by PAN right away. If you prefer phone support, the tax department helpline can assist you too.
Most important date for income tax return filling for FY 2024-2025
Knowing the key dates helps you avoid penalties. Here are the important dates:
| Category | Due date |
| Individuals without business income | July 31, 2025 |
| Individuals with business income | October 31, 2025 |
| Companies | November 30, 2025 |
| Transfer pricing cases | November 30, 2025 |
Missing these dates can delay your refund. Filing early means your ITR refund status by PAN will show results sooner. Early filers also avoid the rush and technical issues that often happen near the deadline.
Income tax refund interest rate
The government pays interest on delayed refunds. Here are the current rates:
| Period | Interest rate |
| Up to 3 months delay | 0.5% per month |
| Beyond 3 months | 0.5% per month |
| For refunds from excess advance tax | 0.5% per month from April 01 |
| For refunds from TDS/ TCS | 0.5% per month from the month of filing |
You can check if interest has been added when you do your ITR refund status by PAN. This interest is taxable in the year you receive it, so remember to include it in your next return.
Income tax refund customer care phone number
Need help with your refund? Contact these numbers:
| Service | Contact number |
| Income Tax Helpdesk | 1800-103-0025 |
| Income Tax Central Processing Centre | 1800-103-4455 |
| Income Tax PAN Services | 1800-180-1961 |
| SMS Service for Refund Status | SMS REFUND <space> PAN to 56161 |
Besides calling these numbers, your ITR refund status by PAN on the website remains the fastest way to track your refund. For complex issues, you might need to visit your local income tax office.
How to apply for Bajaj Finserv Home Loan
Planning to use your tax refund as part of a home down payment? Consider these steps to apply for a Bajaj Housing Finance Home Loan:
- Click on the 'APPLY' button on the home loan section of the Bajaj Finserv website.
- Enter your full name, mobile number, and employment type in the form.
- Select the type of home loan you need: fresh home loan, balance transfer, or top-up loan.
- Verify your phone number with OTP and provide additional details like monthly income and required loan amount.
- Enter your date of birth, PAN number, and other occupation-specific details as requested.
- Submit your application and wait for a Bajaj Finserv representative to contact you for the next steps.
While waiting for your ITR refund status by PAN, you can start exploring home loan options. Your tax refund could help with the down payment or processing fees.
Eligibility criteria to get home loan from Bajaj Finserv
Before applying, check if you meet these eligibility requirements:
- Indian citizenship is mandatory for all applicants. Non-resident Indians cannot apply for this loan.
- Age requirements vary by occupation - salaried applicants must be 23-67 years old, while self-employed can be 23-70 years old. The upper limit applies at loan maturity.
- A CIBIL Score of 725 or higher improves your chances. This score shows your credit history reliability.
- Occupation must be salaried employee, professional individual, or self-employed individual. Stable income sources are preferred.
- The documents required for home loan include KYC documents, income proof, and bank statements. Having these ready speeds up processing.
- Bajaj offers home loan interest rates starting from 7.99%* p.a., making EMIs as low as Rs. 722/lakh*. Lower rates mean more affordable monthly payments.
When you do your ITR refund status by PAN, consider how that refund might help with your home loan application. Even a small amount can reduce your loan burden.
Make your home loan journey smoother with smart tax planning
Planning your taxes properly can help you achieve your dream of home ownership faster. A timely tax refund can contribute to your down payment or help manage other home-buying expenses.
Bajaj Housing Finance Home Loan offers several features that make your home buying journey easier:
- Interest rates starting from just 7.99%* p.a., making your dream home more affordable through lower EMIs.
- Loan amounts up to Rs. 15 crore* based on eligibility to fulfil your housing dreams.
- Flexible loan tenure of up to 32 years allows you to balance your monthly budget with comfortable repayments.
- EMIs as low as Rs. 722/lakh*.
- Quick disbursal within 48 Hours*.
- Home loan balance transfer facility with attractive interest rates.
- Zero foreclosure charges for individuals with floating interest rates, giving you freedom to close your loan early.
- Top-up loan facility of up to Rs. 1 crore lets you access additional funds for renovation or other needs.
- Over 5,000 pre-approved projects ensure faster processing for many popular residential developments.
While waiting for your ITR refund status by PAN results, start planning your home loan application. The process is hassle-free with doorstep document pickup service that saves you multiple branch visits.
The home loan balance transfer option from Bajaj Housing Finance allows you to move your existing loan at competitive rates starting from 8.10%* p.a. This can significantly reduce your overall interest payments.
Ready to take the next step? Visit the Bajaj Finserv website today to calculate your EMI or start your application. Turn your tax planning into a stepping stone toward your dream home!
