Income Tax Refund Interest

Tax Glossary Definition

Income Tax Refund Interest

Income Tax Refund Interest – Compensation paid by the Income Tax Department to taxpayers for delayed refunds, calculated at a prescribed interest rate to account for the time value of money. Example: If a refund of ₹10,000 is delayed for 2 years, the department pays interest at 6% per annum on the refund amount.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App