Here is how interest amount on refund currently being calculated.
Amount would be: 0.5% pm (of refund amount) x Number of months including the month of refund.
Months counting will start from April.
For example if refund is paid on Oct 19, 2025 for a refund of 85k the interest amount would be 85k*(0.5*7)% or 85k*0.035 = 2975/-
Ref: https://cleartax.in/s/interest-on-income-tax-refund
Amount would be: 0.5% pm (of refund amount) x Number of months including the month of refund.
Months counting will start from April.
For example if refund is paid on Oct 19, 2025 for a refund of 85k the interest amount would be 85k*(0.5*7)% or 85k*0.035 = 2975/-
Ref: https://cleartax.in/s/interest-on-income-tax-refund
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