What is Form 26AS and why is it important?

Form 26AS is your annual tax statement showing all TDS deducted on your PAN by employer, bank, tenant, and others. It also shows advance tax and self-assessment tax paid. Download from incometax.gov.in or through net banking. Always match your TDS entries with Form 26AS before filing ITR.

Can I claim TDS refund without filing ITR?

No. You must file an Income Tax Return (ITR) to claim TDS refund. There is no other way to get a refund. The due date is July 31 for individuals. Late filing attracts penalty up to Rs 5,000 but you can still claim refund within the assessment year.

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✅ Free Tool — No Login Required

Income Tax Refund Estimator India — ITR Refund Calculator

Calculate TDS deducted vs actual tax liability. Know your ITR refund amount before filing — old and new regime, FY 2024-25.

Tax Refund Formula: Refund = Total TDS Deducted + Advance Tax Paid − Actual Tax Liability
Example: Salary TDS ₹80,000 + FD TDS ₹10,000 = ₹90,000 paid. Actual tax = ₹62,000. Refund = ₹28,000. File ITR to claim it.

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Income Tax Refund Estimator

Tax Regime

Select Regime

Default from FY 2024-25. Rebate: nil tax if income ≤ ₹12L

Income Details

Gross Salary (before HRA, standard deduction)

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FD / Savings Interest Income

₹

Rental Income (annual)

₹

Capital Gains (short term)

₹

Other Income

₹

Deductions (Old Regime)

80C (PPF, ELSS, LIC, PF — max ₹1.5L)

₹

HRA Exemption

₹

Home Loan Interest (Section 24 — max ₹2L)

₹

NPS 80CCD(1B) — max ₹50,000

₹

Other Deductions (80D, 80E, 80G etc.)

₹

TDS & Tax Already Paid

TDS Deducted from Salary (Form 16)

₹

TDS on FD / Interest (Form 26AS)

₹

TDS on Other Income (rent, commission etc.)

₹

Advance Tax Paid

₹

📊 New Tax Regime Slabs — FY 2024-25

Tax slabs under the new regime (default). No deductions except standard deduction of ₹75,000 for salaried.

Income Slab	Tax Rate	Tax on Slab	Cumulative Tax
Up to ₹4,00,000	0%	Nil	Nil
₹4,00,001 – ₹8,00,000	5%	₹20,000	₹20,000
₹8,00,001 – ₹12,00,000	10%	₹40,000	₹60,000
₹12,00,001 – ₹16,00,000	15%	₹60,000	₹1,20,000
₹16,00,001 – ₹20,00,000	20%	₹80,000	₹2,00,000
₹20,00,001 – ₹24,00,000	25%	₹1,00,000	₹3,00,000
Above ₹24,00,000	30%	—	₹3,00,000 + 30%

Plus 4% Health & Education Cess. Rebate u/s 87A: Nil tax if income ≤ ₹12 lakh (new regime).

📖 How to Use This Tax Refund Estimator

1

Select Tax RegimeChoose New Regime (default from FY 2024-25) or Old Regime. New regime has no deductions but lower slab rates and ₹12L rebate. Old regime allows all deductions.
2

Enter All Income SourcesEnter gross salary (before HRA or standard deduction), FD and savings interest, rental income, short-term capital gains, and any other income.
3

Add Deductions (Old Regime Only)Enter 80C investments (max ₹1.5L), HRA exemption, home loan interest (max ₹2L under Section 24), NPS 80CCD(1B) (max ₹50K), and other deductions.
4

Enter TDS Deducted & Advance TaxCheck Form 16 for salary TDS and Form 26AS for FD TDS and other deductions. Add any advance tax you have paid during the year.
5

Read Your Refund or DemandIf TDS exceeds actual tax, you get a refund — file ITR to claim it. If tax exceeds TDS, pay the balance as self-assessment tax before filing.

✅ Why Use This Calculator

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Old & New Regime

Calculates tax under both regimes with correct slabs, standard deduction and 87A rebate.

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Refund or Demand

Instantly shows if you will get a refund or need to pay more tax before filing ITR.

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All TDS Sources

Covers salary TDS, FD TDS, rental TDS and advance tax — gives accurate total credit.

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87A Rebate

Automatically applies Section 87A rebate — nil tax for income up to ₹12L in new regime.

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Slab Breakdown

Shows tax computed slab by slab so you understand exactly how your tax is calculated.

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100% Private

No data stored or sent anywhere. All calculations happen locally in your browser.

❓ Frequently Asked Questions — Income Tax Refund

How is income tax refund calculated?+

Tax Refund = Total TDS Deducted + Advance Tax Paid − Actual Tax Liability. If total taxes paid exceed actual liability, the excess is refunded by the Income Tax Department after you file your ITR and it is processed.

How long does income tax refund take in India?+

Income tax refund is typically credited within 2–4 weeks of e-filing and e-verification, provided your bank account is pre-validated on the IT portal and there are no mismatches. Complex cases or scrutiny can take 2–3 months. Track status at incometax.gov.in under My Account → Refund/Demand Status.

What is Form 26AS and how does it help claim refund?+

Form 26AS is your annual consolidated tax statement showing all TDS deducted on your PAN by your employer, banks, tenants and others. It also shows advance tax paid. Before filing ITR, verify that your TDS entries match Form 26AS — any mismatch can delay your refund or trigger a notice.

Can I get a refund without filing ITR?+

No. Filing ITR is the only way to claim an income tax refund. There is no alternative process. You must file by July 31 (non-audit cases) to avoid late filing fee. Even if you miss the deadline, you can file a belated return until December 31 of the assessment year and still claim the refund, though interest on refund may be reduced.

What is Section 87A rebate?+

Section 87A gives a rebate equal to actual tax payable (maximum ₹25,000) if taxable income does not exceed ₹12 lakh under the new regime, making effective tax nil for income up to ₹12L. Under the old regime, 87A rebate is ₹12,500 for income up to ₹5 lakh.

My refund is not received — what should I do?+

Check refund status at incometax.gov.in. Common reasons for non-receipt: bank account not pre-validated, name mismatch with PAN, ITR not e-verified within 30 days, pending tax demand, or ITR under processing. Call CPC helpline 1800-103-4455 if refund is not received 3 months after filing.

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