In pursuance of the exercise to meet liquidity needs of taxpayers during the COVID-19 pandemic, the Income Tax (I-T) department has fast tracked its tax refund process and processed 35.93 lakh cases amounting to over Rs 1,21,607 crore up to October 6 in FY21.

The I-T department has worked at a breakneck speed to process the refund claims. It issued tax refunds at a speed of 76 cases per minute between April and June and continued the momentum into October.