Taxpayers Get Major Relief: Significant Refunds Processed in 24 Hours
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Taxpayers Get Big Relief: Massive Refund Push In Last 24 Hours
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News18•13-02-2026, 14:00
Taxpayers Get Big Relief: Massive Refund Push In Last 24 Hours
•Income-tax refund payouts, especially high-value credits, have surged in the last 24 hours, bringing relief to taxpayers.
•Tax professionals confirm a noticeable acceleration in refund issuance, with many clients receiving substantial amounts (e.g., Rs 15-17 lakh).
•Despite the recent push, a significant processing backlog remains, with nearly 24.64 lakh returns unprocessed for over three months as of February 4.
•Experts advise patience as refunds are issued in batches, urging taxpayers to ensure bank accounts are pre-validated and linked with PAN.
•The Income Tax Department uses data analytics (NUDGE initiative) to flag discrepancies, potentially leading to requests for voluntary return reviews before refunds are released.
