Minimum tax refund Amt.


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.

asked Dec 24 '12 at 11:55 by Gurukul 1872816

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.

answered Dec 24 '12 at 23:14 by Pankaj Batra 5.2k320

Thanks buddy
(Dec 25 '12 at 13:10) Gurukul

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text]( "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Dec 24 '12 at 11:55

Seen: 5,892 times

Last updated: Dec 25 '12 at 13:10