Income Tax Return Status 2023‐24, Check by Pan Card Step-by-Step Guide

Income Tax Return Status 2023‐24: Income tax return is the process of filing information about your income and the tax deducted according to it. The Income Tax Act 1961 as well as Income Tax Rules 1962 tell the Indian citizens to file their income tax returns with the Income Tax Department. You can check Income Tax Return Status 2023‐24 by visiting the official website, as well as you can check the Income Tax Return Status 2023‐24 through PAN card. In this article, we are telling you the complete method to check the Income Tax Return Status 2023‐24 , as well as the link has also been given here.

The Income Tax Department has given the last date for filing ITR as 31 July. Once the process is completed and e-verification is done, taxpayers receive the tax refund (if eligible) in their bank accounts. The Income Tax Department provides online tracking to check the Income Tax Return Status 2023‐24 of the refund.

Income Tax Return Status 2023‐24

The income tax return is filed at the end of every financial year by all eligible taxpayers. Return has to be filed before the last date by the Income Tax Department. The income taxpayer should file the form according to his eligibility criteria. The forms are different depending on the source of the income.

Each and every Indian citizen should file their income tax return to the Indian government. As this is an era of Technology you can easily file your income tax return online. Filing income tax returns online is easy, fast, and accurate also. However, while filing your ITR online you need to fill out ITR forms. The ITR forms are different for salaried people and other people. The ITR department has Form 1 to form 7. All these forms have a specific function and are for specific categories.

Income Tax Return 2023-24 Overview 

Aspect Description 
PurposeIncome tax return
Financial year2023 24
Assessment yearThe year immediately after the financial year
Filing deadline31st July of the assessment year
Type of formsITR-1ITR-2ITR-3ITR-4ITR-5ITR-6ITR-7ITR-8
Sources of incomeSalaryBusiness Capital gainsHouse property Etc
DeductionsSection 80C, 80D etc
RefundIf eligible the refund is sent to your bank account
Types of returnsHindu undivided family partnership firms companies Trusts (HUF)
Tax audit requirementsIf eligible, a taxpayer has to undergo but tax audit
Interested in this and other penalties under Income Tax ActInterested this and other penalties under Income Tax Act
Proper documentationAccurate filing up income tax returns
Type of articleIncome tax returns

The tax liability of a person is calculated depending on his income. If a person pays more tax, he will be eligible for a refund by the Income Tax Department. According to the income tax loss, the return should be filed every financial year by all individuals and businesses. If a taxpayer does not file his income tax returns before the specified date he would be entitled for the penalties.

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Understanding Financial Year and Assessment Year 

The financial year is a period of 1 year. A taxpayer this period for financial reporting and accounting purposes. He earns income during the period. This period starts on April 1 of the calendar year as per the Income Tax Act. This is abbreviated as FY.

The period immediately following the financial year is known as an assessment year. This is called so because each and every taxpayer has to evaluate their earnings during the financial year but pay taxes during the assessment year.

Income Tax Return Status 2023‐24
Income Tax Return Status 2023‐24

Steps to File 2023 Income Tax Return Online

  • Step 1 – Visit the official e-filing web portal
  • Step 2 – Register yourself if you are a new user else login
  • Step 3 – Click on Taxpayer 
  • Step 4 – Enter your PAN Card details. Click on Validate, and now click on Continue
  • Step 5 – Give your registered mobile number and also your email ID
  • Step 6 – Click Continue after filling out the form
  • Step 7 – An OTP will be sent to you on your registered mobile number and the email ID
  • Step 8 – Enter the OTP and later follow the instructions
  • Step 9 – After the OTP is verified, you need to verify all the details you have already entered
  • Step 10 – Now, set up a password
  • Step 11 – Click Register
  • Step 12 – You will get an acknowledgment message.

Steps to Check Income Tax Return Status 2023-24 by using Pan Card

  • Step 1 – Visit the Income Tax Department’s official website 
  • Step 2 – Click on the Income Tax Return tab
  • Step 3 – Select Check your income tax returns status
  • Step 4 – Enter your pan card number and the assessment year
  • Step 5 – Follow the instructions given on the website

Taxpayers and Tax Slabs

All taxpayers pay different taxes as per the Indian Income tax laws. Do the Indian companies and firms have to pay a specific rate of tax which is calculated on their tax profit, the BOI, AOP, HUF, and individuals have to pay their share of tax according to the slabs they fall in. People’s income is grouped together and is called tax slabs or sometimes tax brackets. The tax rate increases as the income increases. The new tax was introduced in the budget of the year 2020. This was for HUF and individual taxpayers.

income Tax Return StatusClick Here


Where can you pay your income tax returns for 2023-24?

You can file your income tax returns for 2023-24 on the official website given in this article. 

What is the last date for filing an income tax return for the financial year 2023-24?

The last date for filing income tax returns for the financial year 2023-24 is July 31 2023.

Which is the most important document to file your income tax return?

Your PAN card is the most important document to file your income tax returns.

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