Minimum tax refund Amt.

Gurukul 187
Viewed 4378

Hi,

Is there any minimum amount for tax refund. I had submitted my tax return which has a tax refund of Rs 3/- only as computed.

Thought the ITR status showing as processed in the IT dept website but the refund amount was not credited to my bank.

Thanks and regards.

minimum-refund income-tax-refund income-tax-return
1 Answers

Minimum amount for refund is Rs 100. If amount is below this, no refund would be issued. Same is applicable to demand as well, in case net demand is less than Rs 100, there is no need to pay.

Pankaj Batra5212

Thanks buddy

Gurukul•
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