Income Tax Refunds Up 46% During April-November To Rs 3 Lakh Crore
The highest number of ITRs filed in a single day was 69.93 lakh on July 31, the Department of Revenue said in its year-end report.
Income tax refunds amounting to about Rs 3.08 lakh crore were dispersed between April and November this year, which is about 46% higher than refunds during the same period in the preceding year, the government said on Tuesday.
As of Nov. 22, approximately 98.35% of ITRs filed have been e-verified. The highest number of ITRs filed in a single day was 69.93 lakh on July 31, the Department of Revenue said in its year-end report.
In terms of monthly filings, July 2024 saw the maximum number, with 5.87 crore ITRs submitted. In total, 8.50 crore ITRs have been filed by Nov. 22, marking a 7.32% increase compared to the same period in the previous year.
Innovations like TIN 2.0 (new income tax e-filing portal launched in July 2022), pre-filling of ITRs, and updated returns continued to streamline processes, resulting in 47.52 lakh updated returns filed, the department said.
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During fiscal 2025, over 1.62 crore income tax returns were processed in a single day. Approximately 21% of all ITRs were processed on the same day they were filed.
Additionally, around 26.35% of ITRs were processed within a week of filing in FY25, compared to 22.56% in fiscal 2024.
During the period between Jan. 1 and Oct. 13, over 1.3 lakh demands amounting to Rs 5 lakh crore have been reduced or resolved. The demand management facilitation centre currently consists of 170 agents who work six days a week.
"To encourage wider use and analysis of data, ITR statistics for different categories of taxpayers for AY 2022-23 and AY 2023-24 released. Awareness Campaign launched to assist taxpayers in accurately completing Schedule Foreign Assets (Schedule FA) and reporting income from foreign sources (Schedule FSI) in their ITRs," the department said.
