Want to answer to my supervisor's question about the status of a task. What come's to my mind is "I'm on it". What's a more formal way of saying that?
closed as primarily opinion-based by FumbleFingers, Drew, Mari-Lou A, tchrist♦, Hellion Dec 28 '15 at 15:48
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I'm about two-thirds of the way through the project.
It is my top priority at this time.
I'm working on other projects at the moment, but if you would like, I'll set them aside and focus on this task instead; just let me know.
I estimate I'll finish that task within the next two hours.
The more specific the update you can offer, the better the response will be received.
It's underway and should be done within (estimated time to completion).
having started and in progress; being done or carried out.
You could say I'm working on it as we speak.
As we speak: just now; at this very moment
An example of what you could say:
I'm currently working on this task and expect to be finished with it by the end of next week.
I'm on top of it.
I'm on task.
I'm on schedule.
I've got it under control.
“I'll see to it immediately.”
“I'll see to that right away Mrs. Johnson.”
These equate to a more formal “I'm on it”, if that can help you. But, as the managerial types have so smugly announced above, that is not sufficient for a “status report” of a task already assigned some time prior, which by modern practice should include an estimated time of completion, all things considered.