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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

Business

12 Nov 2025 10:32 AM 181 views

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

Business

Bay Area bakery lost $100K due to DoorDash fee error, finally reimbursed

A small family-run bakery in California’s Bay Area faced an unexpected financial crisis that went undetected for nearly a decade. La Patisserie, a popular shop in Cupertino known for its elegant pastries and intricate wedding cakes, was unknowingly overcharged by its delivery partner for more than eight years. What was believed to be a fruitful partnership with a major food delivery platform turned into a long-term financial drain costing the business over $100,000 in commission fees.

General

16 Jul 2025 09:34 AM 569 views

Bay Area bakery lost $100K due to DoorDash fee error, finally reimbursed

A small family-run bakery in California’s Bay Area faced an unexpected financial crisis that went undetected for nearly a decade. La Patisserie, a popular shop in Cupertino known for its elegant pastries and intricate wedding cakes, was unknowingly overcharged by its delivery partner for more than eight years. What was believed to be a fruitful partnership with a major food delivery platform turned into a long-term financial drain costing the business over $100,000 in commission fees.

General

Why NRIs Should Buy Health & Term Insurance in India: GST Refund, Tax Benefits & Secure Coverage

For Non-Resident Indians (NRIs), securing health and term insurance for themselves and their families back in India is more than just a financial obligation—it is a critical step toward safeguarding their loved ones and managing long-term security. As global citizens, NRIs often weigh the pros and cons of buying insurance in their country of residence versus opting for policies in India. What tips the scale in favor of Indian insurance are three strong reasons: affordability, extensive

NRI News

04 Apr 2025 03:07 AM 1.73k views

Why NRIs Should Buy Health & Term Insurance in India: GST Refund, Tax Benefits & Secure Coverage

For Non-Resident Indians (NRIs), securing health and term insurance for themselves and their families back in India is more than just a financial obligation—it is a critical step toward safeguarding their loved ones and managing long-term security. As global citizens, NRIs often weigh the pros and cons of buying insurance in their country of residence versus opting for policies in India. What tips the scale in favor of Indian insurance are three strong reasons: affordability, extensive

NRI News

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

Between April and November 2024, the Indian government dispersed Rs 3.08 lakh crore in income tax refunds, reflecting a significant 46% increase compared to the same period last year. As of November 22, about 98.35% of Income Tax Returns (ITRs) filed have been e-verified, with a record-breaking 69.93 lakh ITRs submitted on a single day, July 31. The total number of ITRs filed by November 22 stands at 8.50 crore, a 7.32% increase from the previous year. The introduction of innovation

General

24 Dec 2024 11:06 AM 1.28k views

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

Between April and November 2024, the Indian government dispersed Rs 3.08 lakh crore in income tax refunds, reflecting a significant 46% increase compared to the same period last year. As of November 22, about 98.35% of Income Tax Returns (ITRs) filed have been e-verified, with a record-breaking 69.93 lakh ITRs submitted on a single day, July 31. The total number of ITRs filed by November 22 stands at 8.50 crore, a 7.32% increase from the previous year. The introduction of innovation

General

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#refund

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

Bay Area bakery lost $100K due to DoorDash fee error, finally reimbursed

Bay Area bakery lost $100K due to DoorDash fee error, finally reimbursed

Why NRIs Should Buy Health & Term Insurance in India: GST Refund, Tax Benefits & Secure Coverage

Why NRIs Should Buy Health & Term Insurance in India: GST Refund, Tax Benefits & Secure Coverage

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

Zoho Founder Sridhar Vembu Confirms All Products Are Made In India, Data Hosted Locally

Gas leak triggers catastrophic explosion at historic Kelton House Museum in Columbus

Abhishek Bachchan Opens Up About Industry Rejection

Gold vs Mutual Funds: Which Investment Offers Better Returns in 2025?

Ghazala Hashmi wins Virginia race, creating history as first Indian-American lieutenant governor

Smart Home Technology

US embassy warns Indian students on visa violations and legal compliance

Juneteenth 2025: History, Meaning, and Why It Matters

Welspun Enterprises Declared Lowest Bidder for Mumbai Water Tunnel Project

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Zoho Founder Sridhar Vembu Confirms All Products Are Made In India, Data Hosted Locally

Gas leak triggers catastrophic explosion at historic Kelton House Museum in Columbus

Abhishek Bachchan Opens Up About Industry Rejection

Gold vs Mutual Funds: Which Investment Offers Better Returns in 2025?

Ghazala Hashmi wins Virginia race, creating history as first Indian-American lieutenant governor

Smart Home Technology

US embassy warns Indian students on visa violations and legal compliance

Juneteenth 2025: History, Meaning, and Why It Matters

Welspun Enterprises Declared Lowest Bidder for Mumbai Water Tunnel Project

Gov. Abbott Vetoes THC Ban; Cedar Park Hemp Shops Relieved

#refund

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

Bay Area bakery lost $100K due to DoorDash fee error, finally reimbursed

Bay Area bakery lost $100K due to DoorDash fee error, finally reimbursed

Why NRIs Should Buy Health & Term Insurance in India: GST Refund, Tax Benefits & Secure Coverage

Why NRIs Should Buy Health & Term Insurance in India: GST Refund, Tax Benefits & Secure Coverage

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

Zoho Founder Sridhar Vembu Confirms All Products Are Made In India, Data Hosted Locally

Gas leak triggers catastrophic explosion at historic Kelton House Museum in Columbus

Abhishek Bachchan Opens Up About Industry Rejection

Gold vs Mutual Funds: Which Investment Offers Better Returns in 2025?

Ghazala Hashmi wins Virginia race, creating history as first Indian-American lieutenant governor

Smart Home Technology

US embassy warns Indian students on visa violations and legal compliance

Juneteenth 2025: History, Meaning, and Why It Matters

Welspun Enterprises Declared Lowest Bidder for Mumbai Water Tunnel Project

Gov. Abbott Vetoes THC Ban; Cedar Park Hemp Shops Relieved

Popular Cities