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Tax Refund Calculator India 2026 – ITR Refund Amount

Use this free Tax Refund Calculator in India to find out if you are entitled to a refund — and how much — by comparing your TDS deducted against actual tax liability.

Find out your income tax refund or additional tax payable.

Tax Refund or Due

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Tax Paid (TDS)

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Actual Liability

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Refund / Extra Due

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Status

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Total Tax Paid / TDS (₹)

Actual Tax Liability (₹)

💡 Tip: File your ITR to claim refund. Refunds are credited within 2-3 months.

📊 What is the Income Tax Refund Calculator and How Does It Work?

An income tax refund occurs when TDS deducted by your employer exceeds your actual tax liability after all eligible deductions. This calculator helps you estimate the refund before filing ITR so you can plan your cash flow.

Formula

Tax Refund = Total TDS deducted – Actual tax liability  |  Actual tax = Slab tax on (Gross income – all deductions – standard deduction)

🪓 Step-by-Step: How to Use This Calculator

Enter total TDS deducted (from Form 26AS or salary slips throughout the year)
Enter gross income from all sources
Enter all eligible deductions (80C, 80D, HRA, and others)
Click Calculate to see actual tax liability and your expected refund amount

📌 Example Calculation

TDS deducted ₹1,80,000. Actual tax after deductions (80C ₹1.5L + 80D ₹25K): ₹1,24,500. Expected refund = ₹55,500.

✅ Benefits of Using This Calculator

Know your refund amount before filing ITR
Plan your cash flow around the expected refund
Identify if you are overpaying TDS monthly
Adjust your TDS declaration to your employer
Verify Form 16 against your actual tax liability
Avoid carrying excess tax with the government interest-free

⚙️ Key Factors That Affect Results

Total TDS deducted across all income sources
Gross income from salary, interest, rent, capital gains
All eligible deductions being claimed
Advance tax paid if any during the year
TDS on interest income from FDs and savings accounts
TDS on rental income received if applicable

❓ Frequently Asked Questions

When do I get an income tax refund?▼

When TDS deducted exceeds actual tax liability. After filing ITR and e-verification — typically within 15–45 days.

How long does the refund take?▼

15–45 days after ITR is processed online with e-verification. Credited directly to your bank account linked with PAN.

What if my refund is less than expected?▼

Check AIS for any income that may have been missed. Verify all deductions are entered correctly. Raise ITR rectification if needed.

Can I get an advance tax refund without filing ITR?▼

No. Must file ITR first. Excess advance tax refund comes after filing and processing of your return.

How do I track my refund status?▼

Login to income tax portal (incometax.gov.in) > e-File > ITR > ITR Filing Status. Or check on NSDL portal using your PAN.

About This Tool

Uses standard financial formulas. Results are indicative — consult a financial advisor for important decisions.

🔒 Privacy: All calculations run locally in your browser.