Tax refunds up by 46.31% to Rs 3.08 lakh crore in FY 2024-25: Finance Ministry

The Finance Ministry announced a significant boost in tax refunds for the financial year 2024-25, with Rs 3.08 lakh crore issued between April 1 and November 27, marking a 46.31% increase from the previous year. The Income Tax Return portal handled a record 900 filings per second, processing over 1.62 crore ITRs in a single day.