Income Tax Assessment Order - Meaning & How It Is Generated?

Learn about the Income Tax Assessment Order, including sections 143(1), 143(3), 144, and 147. Understand the online intimation process for tax assessments.
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4 min
20-March-2025

An Income Tax Assessment Order is an official document issued by the Income Tax Department after reviewing your Income Tax Return (ITR). It confirms the accuracy of your declared income, specifies tax liabilities, and highlights any refunds or additional taxes payable. Essentially, it finalises your tax standing for a particular financial year.

Just as the Income Tax Assessment Order brings clarity to your finances, a Bajaj Finance Fixed Deposit gives you assured clarity in returns—up to 7.30% p.a. for senior citizens and 6.95% p.a. for customers below 60 years. Open FD.

What is an Income Tax assessment order?

An assessment order ensures compliance with tax laws by:

  • Verifying the accuracy of declared income.

  • Determining exact tax liabilities or refunds.

  • Acting as a record for future references or disputes.

  • Confirming that all laws and regulations have been followed.

Receiving this order marks the completion of your tax assessment for that financial year.

While tax rules may change every year, FD returns remain stable. With AAA ratings from CRISIL and ICRA, Bajaj Finance FDs are among the safest investment options in India.

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Fixed Deposit

  1. Trusted by over 5 lakh customers
  2. Fixed Deposits worth more than Rs. 50,000 crore booked
  3. Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
  4. Up to 0.35% p.a. extra interest offered for senior citizens
  5. Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity

By proceeding, you agree to our Terms and Conditions

How is an Income Tax assessment order generated?

The process involves:

  1. Filing your ITR for the year.

  2. Processing of returns by the department.

  3. Notice issued if discrepancies are found.

  4. Submission of taxpayer clarifications.

  5. Finalisation of assessment and issuance of the order.

This step-by-step process ensures fairness and accuracy in determining tax obligations.

Just like this systematic tax process, Bajaj Finance FDs offer a systematic savings journey with flexible tenures between 12 to 60 months, aligning with your short- and long-term goals. Open FD account and start saving!

Steps to obtain Income Tax assessment order online

You can easily download your order from the Income Tax e-Filing portal:

  1. Visit www.incometax.gov.in

  2. Log in with PAN/Aadhaar and password.

  3. Go to ‘e-Proceedings’ under Pending Actions.

  4. Select the assessment year.

  5. Click on ‘Assessment Order’ to download the PDF.

  6. Verify details like liabilities, refunds, and assessment type.

  7. Save a digital or physical copy for future needs.

Planning ahead is always smart. Along with downloading your order, plan your savings with a Bajaj Finance FD—you can start investing with just Rs. 15,000. Check rates.

Important points to remember

  • Only issued orders will appear on the portal.

  • Ensure your contact details are updated for timely alerts.

  • Different types of assessments (summary or scrutiny) may follow slightly varied processes.

Just as accurate contact details ensure you never miss an update, Bajaj Finance FDs ensure timely payouts with flexible interest payout options—monthly, quarterly, half-yearly, or yearly. Invest now!

Conclusion

An Income Tax Assessment Order is more than just a piece of paper—it’s an official record that finalises your tax position for the year. Downloading it online makes compliance simple, while keeping a copy ensures preparedness for audits, loans, or financial planning.

To balance your compliance with financial growth, consider a Bajaj Finance Fixed Deposit. With high-interest rates, flexible tenures, and industry-best safety ratings, FDs complement your financial journey by offering predictable growth in a world where taxes and markets fluctuate.

Calculate your expected investment returns with the help of our investment calculators.

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Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

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Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.

Explore and apply for co-branded credit cards online.

Invest in fixed deposits and mutual funds on the app.

Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.

Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.

Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.

Shop from over 100+ brand partners that offer a diverse range of products and services.

Use specialised tools like EMI calculators, SIP Calculators

Check your credit score, download loan statements and even get quick customer support—all on the app.

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Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or referhttps://www.bajajfinserv.in/fixed-deposit-archivesThe company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For theFD calculatorthe actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.

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