ITR Refund: Who gets ITR refund first, how does the process work? Here is the answer

If you have filed income tax return and are waiting for refund then this news can prove to be useful for you. After the deadline for ITR filing is over, most people are now waiting for refund. Some people have got their refund, but many people are still waiting for refund. 

Usually it takes 10 days to get refund but this time it has been more than a month for many people and they have not received refund. In such a situation, let us know how the refund process works and who gets the refund first…

In how many days do you get a refund

Recently, Nirmala Sitharaman also said a big thing about refund. She said that in the last 10 years, the time taken to process income tax refund has reduced rapidly. Last week, Nirmala Sitharaman said in Parliament that in 2013-14, it took an average of 93 days to process the income tax return and issue the refund.

On the other hand, if we talk about the present, then in the year 2023-24, people are getting their refund in an average of 10 days. Here a big question arises that does the refund get processed in just 10 days? It is written on the Income Tax Department's website that it takes 4-5 weeks for the refund to come.

it takes so much time

Finance Minister Nirmala Sitharaman made it clear that not every ITR is processed in 10 days. It takes an average of 10 days for ITR to be processed. 

The more difficulties there are in an ITR form, the more time it will take to process it. ITR-2 is more difficult than ITR-1 and there are more problems in ITR-3 than ITR-2. In such a situation, the ITR processing time will keep increasing according to the problems.

They get their refund first

According to former Chief Commissioner of Income Tax Ramakrishna Srinivasan, refunds of ITR-1 are processed first. After that comes ITR-2 and then ITR-3. That is, as the ITR form becomes more difficult, the refund is also processed in the same way. 

However, if you have filed ITR on the last date or very close to it, then you may get a delay in getting the refund. Refunds of ITR-2 and ITR-3, which do not have any defect or problem, may take up to a few months to reach you.