Refunds Jump by 474% in 11 Years

India’s income tax stuff has really changed in the last ten years. Income tax refunds have shot up by a crazy 474%, hitting ₹4.77 lakh crore by 2024-25. This is faster than the 274% rise in total tax money collected, which went from ₹7.22 lakh crore in 2013-14 to ₹27.03 lakh crore in 2024-25. Getting … Read more