December 12, 2024 3:34 PM

Tax refunds up by 46.31% to ₹3.08 lakh crore in April-Nov 24: Finance Ministry

The Finance Ministry announced on Thursday that tax refunds between April 1 and November 27, 2024, surged by 46.31% compared to the same period last year. In the financial year 2024-25, refunds amounting to ₹3.08 lakh crore were issued, significantly higher than the ₹2.03 lakh crore issued during the same period in 2023. "The Income Tax Return (ITR) portal managed high traffic efficiently this year, processing over 900 filings per second at peak times. A record 69.93 lakh ITRs were filed on...