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Over 22% of verified ITRs processed on same day, Rs 2.24 lakh cr refunds issued in FY22

The finance ministry on Friday said over 22 per cent of the verified returns were processed on the same day, while the overall average processing time was only 26 days for ITR assessments in the last fiscal year. The ministry said that during 2021-22, over 5.70 crore income tax returns (ITRs) were processed. Over 1.28 …