ITR Filing 2020-2021: Here’s how to pre-validate your bank account online to get refund on income tax

New Delhi: The Central Board of Direct Taxes (CBDT) has again extended the deadline for filing Income Tax Return (ITR) for the financial year 2020-21 to provide relief to taxpayers. The new deadline for filing ITR has been extended from 30 September to 31 December 2021.

Taxpayers will file Income Tax Return (ITR) for the financial year 2019-20 (AY 2020-21). (Also Read: File Your Tax Return For Free Using SBI YONO App; Here’s How)

Sometimes it may happen that people get wrong assessment of income tax or their tax deducted at source (TDS) is high. In such situations, tax filers can claim tax refund while filing ITR. After due diligence and verification, the IT department processes your tax refund.

In the above context, it is interesting to know that income tax filers can pre-validate their bank accounts to get refund on tax.

Here’s a step by step guide on how to do it

Visit the Income Tax e-Filing Portal

Click on ‘Login here for Pre-Verification’

Enter your ID, Password and Captcha Code

go to your profile settings

Click on ‘Pre-validate your bank account’

Click ‘Add’

Enter your bank account details and your contact details

Now click on ‘Pre-validate’

Users should take note of the fact that they will need their bank account number, IFSC and bank name to properly pre-validate it. Also, their PAN card details, name, mobile number and email address should also match with their bank account for pre-verification.

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