The euphoric feeling of getting an Income Tax Refund is nothing less than winning a lottery. Both come as a complete surprise. The most important difference between them is that the money you earn from the lottery is tax-free while your tax refund is the money the government owes to you. Once in a year, you get the opportunity to claim the refund of excess tax paid by filing your tax return. However, you need to keep a few important things in mind to ensure that you get your income tax refund on time in your bank account.
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