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Is Your Income Tax Refund Delayed? Here’s How The Interest Is Calculated In 2025

If you’ve filed your income tax return and are still waiting for your refund, you’re not alone. Many taxpayers in India experience refund delays even months after filing. The good news is that under Section 244A of the Income Tax Act, 1961, the government must pay interest on delayed refunds provided the delay isn’t caused by the taxpayer. The interest rate is fixed at 0.5% per month or 6% per annum, calculated as simple interest on the refundable amount. Interest begins from

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12 Nov 2025 10:32 AM 256 views

Is Your Income Tax Refund Delayed? Here’s How The Interest Is Calculated In 2025

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1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

The Income Tax Department extended the ITR filing deadline for Assessment Year 2025–26 by one day, moving it from September 15 to September 16, 2025. The announcement came after the e-filing portal suffered major technical glitches, including login failures and frozen screens, leaving lakhs of taxpayers stranded. By the original deadline, 7.3 crore returns were filed, crossing last year’s record, but at least 1.5–2 crore taxpayers were still

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16 Sep 2025 04:52 AM 462 views

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

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#financeindia

Is Your Income Tax Refund Delayed? Here’s How The Interest Is Calculated In 2025

Is Your Income Tax Refund Delayed? Here’s How The Interest Is Calculated In 2025

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

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BCCI announces IPL 2026 full schedule with 13 venues across India

Trump Returns Early From G7 Summit Amid Israel Iran Conflict Escalation

Naga Chaitanya Breaks Silence On Nagarjuna’s Legacy Ahead Of Vrushakarma

Data Privacy Careers: Huge Demand for NRIs

Simple habits that help you develop strong creative thinking skills

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#financeindia

Is Your Income Tax Refund Delayed? Here’s How The Interest Is Calculated In 2025

Is Your Income Tax Refund Delayed? Here’s How The Interest Is Calculated In 2025

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

BCCI announces IPL 2026 full schedule with 13 venues across India

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Naga Chaitanya Breaks Silence On Nagarjuna’s Legacy Ahead Of Vrushakarma

Data Privacy Careers: Huge Demand for NRIs

Simple habits that help you develop strong creative thinking skills

Instagram’s Latest Repost Feature Mirrors X’s Retweet – Is the App Running Out of Ideas?

US Marines Withdraw from Los Angeles Amid Backlash Over Immigration Protests

Uncertainty Over Rohit Sharma's Travel to Pakistan for Champions Trophy 2025

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