Tax department made Rs 1.57 lakh crore refunds so far, says official
3 months, 4 weeks ago

Tax department made Rs 1.57 lakh crore refunds so far, says official

New Indian Express  

The Income Tax Department of the Ministry of Finance has processed refunds worth Rs 1.57 lakh crore so far, according to a top Government official. "Those who have not yet received their tax refunds need to check if they have got any notification from the tax department. Revenue Secretary Sanjay Malhotra on Wednesday shared that close to 4 crore Income Tax Returns for the Assessment Year 2024-25 have been processed in just 15 days following the July 31 filing deadline for individuals. During the 165th Income Tax Day celebrations, Malhotra said, ".in the last decade, the direct tax revenues have increased from Rs 5.59 lakh crore to Rs 20 lakh crore.

History of this topic

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