Income Tax Refund Delay for AY 2025–26: Why Your Tax Refund May Be Held Back This Year
The Income Tax Department of India has begun processing returns for Assessment Year (AY) 2025–26 with over 1.05 crore Income Tax Returns (ITRs) already filed as of early July 2025. Around 95% of these ITRs have been verified, and about 63 lakh have been processed. However, many taxpayers are reporting income tax refund delays this year.