CBDT Reports Income Tax Refund Time Slashed to 17 Days in 2024 from 93 Days in 2013

The CBDT (Central Board of Direct Taxes) has reported a significant improvement in income tax refund times, slashed to just 17 days in 2024 from 93 days in 2013. This dramatic reduction, an 81% decrease, highlights the government's aggressive push towards digital infrastructure and administrative reforms in tax processing. The amount of refunds issued has also surged by 474% between 2013-14 and 2024-25, far outpacing the growth in direct tax collections and taxpayer base. This indicates a more efficient, transparent, and taxpayer-friendly tax administration system, fostering increased voluntary compliance.