What is an Income Tax Refund? Option: "A payment made to the government for exceeding the tax liability", "A credit received for investing in certain financial instruments", "A reimbursement for overpaying income tax", "A bonus for filing taxes early"

What is an Income Tax Refund?

How can a taxpayer claim an Income Tax Refund if the deducted tax doesn't match their liability?

What is the key difference between 'paying income tax' and 'filing income tax returns'?

How can filing an ITR benefit someone who has had TDS deducted from their income?

What is the primary purpose of filing an Income Tax Return (ITR)?

What is the interest rate applicable on a delayed Income Tax Refund?