Try GOLD - Free
Income Tax Refunds Up Manifold in 10 Years
The New Indian Express Mysuru
|July 14, 2025
The time taken to process I-T refunds has come down drastically from 93 days in 2013 to 17 days in 2024
INDIA'S income tax refund landscape has undergone a dramatic transformation over the past decade. The most remarkable change for individual taxpayers has been the drastic reduction in the time taken to process refunds.
The average number of days to issue income tax refunds has plummeted by 81%, from a lengthy 93 days in 2013 to just 17 days in 2024, according to sources. This rapid acceleration in processing is a testament to the government's aggressive push towards digital infrastructure and administrative reforms.
Refunds issued to taxpayers have surged by a massive 474% between 2013-14 and 2024-25. This significant increase far outpaces the 274% growth in gross direct tax collections and the 133% expansion of the taxpayer base over the same period, signaling drastic improvements in tax administration and compliance.
This story is from the July 14, 2025 edition of The New Indian Express Mysuru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Mysuru
The New Indian Express Mysuru
Delhi airport traffic in Apr-Oct falls 3.5% due to upgrade, airspace closure
GMR Airports Limited reported a 3.5% year-on-year decline in passenger traffic at its flagship Indira Gandhi International Airport (DEL) for the first seven months of the current fiscal due to year runway upgrade and airspace closure, according to a mandatory filing with the stock exchanges.
1 min
November 17, 2025
The New Indian Express Mysuru
SGPC mulls ban on lone woman for Pak jathas after pilgrim goes missing
FILE PHOTO
1 mins
November 17, 2025
The New Indian Express Mysuru
Zelenskyy spearheads bid to revive Russia prisoner swaps
UKRAINE is working to resume prisoner exchanges with Russia that could bring home 1,200 Ukrainian prisoners, President Volodymyr Zelenskyy said Sunday, a day after his national security chief announced progress in negotiations.
1 min
November 17, 2025
The New Indian Express Mysuru
KERALA RISES IN REFORMS BUT GROUND REALITY LAGS
K ERALA'S achievement in improving the investment climate is laudable, considering it was long seen as business-unfriendly.
1 mins
November 17, 2025
The New Indian Express Mysuru
WHAT TO MAKE OF BUFFETT'S 'THANK YOU' LETTER
MONEY MATTERS
2 mins
November 17, 2025
The New Indian Express Mysuru
'GST rate cut boosted Oct vehicle loans'
CHOOLAMANDALAM Investment and Finance Company president and CFO Arul Selvan said that the NBFC’s advances in two-wheelers and passenger cars segments went up in October after the GST rationalisation in September.
2 mins
November 17, 2025
The New Indian Express Mysuru
FOR GAMBHIR AND CO, IT’S PITCH DARK AT HOME
EVEN before the presentation ceremony was over, the ground staff at the Eden Gardens, as if to carry out a meta joke, watered the square.
1 mins
November 17, 2025
The New Indian Express Mysuru
Bengal guv warns of legal action against TMC MP
WEST Bengal Governor C V Ananda Bose on Sunday threatened to take legal action against veteran Trinamool Congress (TMC) MP Kalyan Banerjee over his “invective” remarks leading to a confrontation.
1 mins
November 17, 2025
The New Indian Express Mysuru
'The answer is us': Indigenous groups protest
HERE in Brazil, marchers revelled in their right to be heard, their voices rising in a city chosen precisely to focus the world's attention on the Amazon and its defenders.
2 mins
November 17, 2025
The New Indian Express Mysuru
Iran foreign min says enrichment halted after strikes, signals openness to dialogue
IRAN’s foreign minister said Sunday that Tehran is no longer enriching uranium at any site in the country, trying to signal to the West that it remains open to potential negotiations over its atomic programme.
1 min
November 17, 2025
Listen
Translate
Change font size