Official information shared by the Principal Chief Controller of Accounts (PrCCA) and the Central Board of Direct Taxes (CBDT) confirmed that between 2013-14 and 2024-25, refunds issued to taxpayers have skyrocketed by 474%, rising from Rs 83,008 crore to Rs 4,76,743 crore. The expansion outpaces the 274% improve in gross direct tax collections throughout the identical interval, which rose from Rs 7,21,604 crore to Rs 27,02,974 crore.
Notably, the common time to concern tax refunds has plummeted from 93 days in 2013 to simply 17 days in 2024 – an 81% discount that displays the success of digital modernisation efforts. The transformation is basically attributed to complete digitisation of tax processes.
The introduction of pre-filled returns, automation in refund processing, actual time TDS Changes and on-line grievance redress mechanisms has led to diminished delays and improved taxpayer expertise.
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