Nominate or Remove Bank Account from Income Tax Refund

Nominate or Remove Bank Account from Income Tax RefundNominate or Remove Bank Account from Income Tax Refund. It can be done through the Income Tax Dashboard. Further details are provided below.

The Income Tax Department allows taxpayers to nominate a specific bank account for receiving tax refunds, if applicable.

This feature ensures a smooth and hassle-free process for getting your refund amounts directly credited to your nominated account.

The e-Filing portal provides a simple way to manage the nomination or removal of bank accounts for refund purposes.

Nominate a Bank Account for Income Tax Refund

Step 1: Log in to your account on the e-Filing portal and navigate to the “My Bank Accounts” section. Here, you’ll find a list of all the bank accounts you’ve added and validated on the portal.

Nominate or Remove Bank Account from Income Tax Refund

Step 2: Locate the bank account you wish to nominate for receiving refunds. Next to this account, you’ll find a toggle switch labeled “Nominate for Refund.” By default, this switch will be positioned on the left, indicating that the account is not currently nominated.

Step 3: Click on the toggle switch to move it towards the right. This action will nominate the selected bank account for receiving any future tax refunds.

Nominate or Remove Bank Account from Income Tax Refund

Step 4: A confirmation prompt will appear, asking you to confirm your decision to nominate the chosen bank account. Click “Continue” to proceed.

Nominate or Remove Bank Account from Income Tax Refund

Upon successful nomination, the toggle switch will remain in the right position, indicating that the bank account is now nominated for refunds.

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Remove a Bank Account from Nomination for Income Tax Refund

Step 1: If you wish to remove a bank account from the nomination for refunds, navigate to the “My Bank Accounts” section on the e-Filing portal.

Nominate or Remove Bank Account from Income Tax Refund

Step 2: Locate the bank account that is currently nominated for refunds. The “Nominate for Refund” toggle switch for this account will be positioned on the right.

Step 3: Click on the toggle switch to move it towards the left. This action will remove the nomination for refunds from the selected bank account.

Step 4: A confirmation prompt will appear, asking you to confirm your decision to remove the nomination from the chosen bank account. Click “Continue” to proceed.

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Upon successful removal, the toggle switch will move to the left position, indicating that the bank account is no longer nominated for receiving tax refunds.

Success Message

It’s important to note that you can nominate only one bank account at a time for receiving refunds. If you nominate a new account, the previous nomination will be automatically removed.

By following these simple steps, you can easily manage the nomination or removal of bank accounts for receiving your income tax refunds. This feature ensures that any refund amounts are promptly and securely credited to the account of your choice, eliminating the need for manual intervention or delays.

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