Friday, June 5, 2009

5 Steps to Get Income Tax Refund Faster

Every person wants to get their refund faster, to get refund faster you need to follow these steps.
  1. Do tax Planning as early as possible.
  2. Assess your tax liability before the end of the financial year. So you can plan your investment accordingly. (Calculate Income Tax)
  3. Declare your investment to your employer so that they can deduct the correct amount of tax on your salary.
  4. Mention Bank MICR code and Bank account number correctly.
  5. Check articles how to get income tax refund.

As per new system of TDS and TCS (The process is easy for Income tax Department) but difficult for assessee. But refund arrives soon to the assessee. UTN (Unique Transaction Number) is the main key to accesse income tax refund easily by income tax department.

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