Income Tax Refunds Delayed for FY 2024-25

Many people who filed their income tax returns (ITR) for the fiscal year 2024-25 are waiting longer than usual for their refunds.

The tax department is checking some refund claims carefully, especially those that are high-value or have been flagged by the system.

Low-value refunds are being processed quickly.

The total refunds issued so far have dropped by 18% compared to previous periods.

The department is working to clear the backlog and expects to release the remaining refunds by December.

Taxpayers can check their refund status online through the official income tax portal.

Salaried taxpayers often get their refunds faster because their income is straightforward, while business professionals might take longer due to more complex income sources and deductions.