Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Income Tax Refunds Up Manifold in 10 Years
The New Indian Express Tiruchy
|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, signalling drastic improvements in tax administration and compliance.
Denne historien er fra July 14, 2025-utgaven av The New Indian Express Tiruchy.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The New Indian Express Tiruchy
The New Indian Express Tiruchy
CCI will launch probe into IndiGo for ‘abusing its dominant position’
THE Competition Commission of India (CCI), a regulatory body under the Ministry of Corporate Affairs, will probe the practices of India's largest domestic airline, IndiGo, to assess whether it has abused its dominant position in the aviation sector.
1 min
December 19, 2025
The New Indian Express Tiruchy
K’taka Assembly passes hate speech bill, BJP walks out
THE Karnataka Legislative Assembly on Thursday passed The Karnataka Hate Speech and Hate Crime (Prevention)
2 mins
December 19, 2025
The New Indian Express Tiruchy
ELOQUENT SILENCE OF CONSTITUTIONS
LUDWIG Wittgenstein famously concluded his Tractatus Logico-Philosophicus with the injunction: \"Whereof one cannot speak, thereof one must be silent.\"
3 mins
December 19, 2025
The New Indian Express Tiruchy
No action against men who got ₹10K under women yojna
THE Bihar government on Thursday clarified that it would not take 'coercive action' against the 470 differently abled men who received ₹10,000 each under Mukhyamantri Mahila Rojgar Yojna ahead of the Bihar assembly elections.
1 min
December 19, 2025
The New Indian Express Tiruchy
Give ESI cover for all staff, 2 univs warned
THE bank accounts of Manonmaniam Sundaranar University and Anna University - Tirunelveli campus would be frozen and employees' contribution dues along with interest and damages would be recovered under the Code of Social Security (CSS), 2020, if the institutions fail to register their staff with the Employees' State Insurance Corporation (ESIC), said G Bhaskar, Joint Director (in-charge), ESIC Tirunelveli Sub-Region.
1 min
December 19, 2025
The New Indian Express Tiruchy
Be wary of groups only keen on vote bank: EPS
IN a veiled dig at DMK, AIAD-’MK general secretary Edappadi K Palaniswami on Thursday cautioned people of minority communities to remain vigilant to “groups” that present themselves as their well-wishers but are actually driven by self-interest, seeking to retain power, generation after generation, by exploiting vote bank politics.
1 min
December 19, 2025
The New Indian Express Tiruchy
300 state govt school students selected for residential JEE training programme
FOR the first time, the school education department is organising a state-level residential training programme for 300 government school students across Tamil Nadu to prepare them for the Joint Entrance Examination (JEE-Mains).
1 min
December 19, 2025
The New Indian Express Tiruchy
Names of 16L MGNREGS workers out
ABOUT a month before the Centre introduced the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) Bill, 2025, in the Lok Sabha to replace the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), official data shows that more than 16.3 lakh workers were removed from the scheme rolls in the preceding 36 days.
1 mins
December 19, 2025
The New Indian Express Tiruchy
U’khand youth forced to join Russia war, dies
A 30-year-old Uttarakhand man, who went to Russia on a student visa for higher studies, died after he was allegedly forced to join the Russian army for Ukraine war.
1 min
December 19, 2025
The New Indian Express Tiruchy
Kishan's statement ton helps Jharkhand lift title
OUT-OF-FAVOUR India wicketkeeper-batter Ishan Kishan made a compelling case for a T20I recall with a belligerent hundred to power Jharkhand to their maiden Syed Mushtaq Ali Trophy title with a 69-run victory over Haryana on Thursday.
1 min
December 19, 2025
Listen
Translate
Change font size