New Delhi, Oct. 5 -- Taxpayers who filed their ITR in July 2026 and are still waiting for a refund may be eligible for interest on the amount. However, eligibility for interest is not determined simply by how long the refund has been delayed.

According to Section 244A of the Income Tax Act, 1961, "The period for which interest is payable shall depend on the type of tax out of which the refund arises and the date of furnishing return of income."

So, when does a taxpayer become eligible for interest on an income-tax refund, and how is the interest calculated? Here's what experts have to say.

Siddharth Maurya, Founder and Managing Director, Vibhvangal Anukulara said, "A taxpayer is entitled to interest if a refund is granted to him/her at...