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If you hand in your ticket early, you will not get a pro-rata refund on an annual season ticket. Annual season tickets are sold at a discount (about 25%) compared to the equivalent number of weekly tickets.
Best Answer: You will get refund, only if you are in waitinglist....... No refund will be granted on cancellation of confirmed Tatkal tickets. For contingent cancellation and waitlisted Tatkal ticket cancellations, charges will be deducted as per existing Railway rules.