The money received electronically is your own.

Electronic withdrawal often refers to the return of funds paid to the national treasury. Generally speaking, it is the process in which funds paid to the national treasury are returned to the payer after approval due to special reasons. A common reason for electronic refunds is to handle personal income tax refunds.

Every year from March to June is the time to process personal income tax refunds. After the user successfully applies for a tax refund, it needs to be reviewed and then processed by the treasury. After the processing is completed, the tax refund funds will be directly Transfer it to the bank card account bound by the user. At this time, the source of funds credited to the bank card account will be displayed as electronic withdrawal.

After receiving the electronically refunded funds, the user can log in to the Personal Income Tax APP to check whether it is consistent with the tax refund amount. If it is inconsistent, they can reapply.

Advantages of electronic withdrawal

The implementation of electronic withdrawal can improve the accuracy and safety of the withdrawal business, effectively reduce the work burden of tax authorities and treasury departments at all levels, and save money. Reduce labor costs and time costs and improve tax refund efficiency. From the date of acceptance, processes such as electronic information review, electronic income refund form issuance, and warehouse return review are completed within one day. The electronic warehouse return information is sent to the People's Bank of China on the same day, and the People's Bank of China processes it the next day. The tax payment is completed in just two days. refunded to the taxpayer's account.

Electronic refunds can effectively improve the efficiency of government services and taxpayer satisfaction. Taxpayers only need to click the mouse at the electronic tax bureau to complete the tax refund without leaving home, or file a tax refund at the tax service office To apply, you no longer need multiple sets of information. Compared with the previous tax refund process, it is simpler and faster, which greatly improves the efficiency of receiving tax refund funds, slows down the pressure on taxpayers to return funds, and contributes to the continuous optimization of the tax business environment.