TDS Refunds Made Easy: Step-by-Step Process for Quick Settlement

Have you ever noticed that extra money is deducted from your salary, bank deposits, or other income in the form of Tax Deducted at Source (TDS)? Sometimes, the deducted amount is more than your actual tax liability. The good news is—you can claim it back! This is where a TDS refund comes into play.

Unfortunately, many taxpayers find the process confusing and time-consuming. That’s why we’ve created this simple step-by-step guide to help you get your TDS refund quickly and hassle-free.

At AccFin, our goal is to simplify tax compliance so you can focus on what matters most.

What is a TDS Refund?

A TDS refund arises when the tax deducted by banks, employers, or other institutions is higher than your actual tax liability for the year. For example:

Your employer deducts TDS on your salary, but after applying deductions (80C, 80D, HRA, etc.), your final tax payable is less.
Banks deduct TDS on FD interest even if your total income is below the taxable limit.

In such cases, you are eligible to claim a refund.

Step-by-Step Process to Claim Your TDS Refund

1. File Your Income Tax Return (ITR)

The only way to claim a TDS refund is by filing your ITR.
Enter all income sources, deductions, and the TDS already deducted (as per Form 26AS / AIS).

2. Verify Your TDS with Form 26AS & AIS

Download Form 26AS and Annual Information Statement (AIS) from the income tax portal.
Ensure all TDS deducted by banks, employers, or others is correctly reflected.

3. Calculate Your Tax Liability

Use the ITR filing system or a professional calculator to compute your actual liability.
If the TDS deducted is higher than the tax payable, you’ll be eligible for a refund.

4. Submit Bank Account Details

Provide the correct bank account number and IFSC while filing the return.
Refunds are credited directly into your bank account, so accuracy is critical.

5. E-Verify Your Return

Filing is incomplete without verification.
You can e-verify via Aadhaar OTP, net banking, or by sending a signed ITR-V to CPC, Bengaluru.

6. Wait for Processing

The Income Tax Department processes your ITR and confirms the refund.
You can track the refund status on the income tax e-filing portal or via TIN NSDL website.

7. Receive Refund in Bank Account

Once processed, the refund is credited directly to your bank.
Processing time usually ranges from a few weeks to a couple of months, depending on the filing accuracy and time of the year.

Quick Tips to Get Faster TDS Refunds

File your ITR before the due date.
Ensure your PAN is linked with Aadhaar.
Reconcile income with Form 26AS / AIS to avoid mismatches.
Always double-check bank details for refund credit.

How AccFin Makes It Hassle-Free

The TDS refund process can feel overwhelming if you’re not familiar with tax filings. At AccFin, we:

Accurately prepare and file your ITR.
Ensure all TDS deductions are properly claimed.
Track refund status until you receive the settlement.

With our expertise, you can enjoy a smooth, stress-free refund experience.

Final Thoughts

TDS refunds are your rightful money, and claiming them doesn’t have to be complicated. By following the right steps—and with professional support—you can get your refund quickly and without errors.

👉 Want a hassle-free TDS refund experience? Let AccFin handle it for you today!