Some Interesting Income Tax Refund Statistics
Income Tax Refunds:
- Total refunds issued: Rs. 2.03 lakh crore between April 1, 2023, and November 30, 2023.
- 35 lakh pending refund cases were resolved, and refunds were sent to validated bank accounts.
- TIN 2.0, a system update, sped up refund processes, issuing over 3 crore refunds with an incredibly low error rate of 0.002%.
- A record: 14 lakh refunds issued in a single day.
Income Tax Returns (ITRs):
- Total ITRs filed for all assessment years till November 30, 2023: 7.97 crore.
- For the assessment year 2023-24, 7.76 crore ITRs were filed by the same date.
- A peak filing day: 64.33 lakh ITRs on July 31, 2023.
- The highest filings in a month: 5.5 crore ITRs in July 2023.
Filing Speed:
- Filing rate at its peak: 486 ITRs per second at 4:35 pm on July 31, 2023.
- At another peak time: 8,622 ITRs per minute at 5:54 pm on July 31, 2023.
- An hourly rate reached 4,96,559 filings between 5 PM to 6 PM on July 31, 2023.
Need Help?
- If you haven’t received your Income Tax Refund, you can reach out to @IncomeTaxIndia or contact the CPC help desk to address any grievances.
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