Indian Overseas Bank (IOB) has received an income tax refund of ₹835.08 Crores. The refund pertains to the assessment year 2022-23 and includes interest under Section 244A of the Income-tax Act. This information was disclosed on November 25, 2025.
Significant Tax Refund Received
Indian Overseas Bank (IOB) announced it has received a substantial income tax refund. The total amount refunded is ₹835.08 Crores.
Details of the Refund
The refund pertains to the assessment year 2022-23 and includes interest as per Section 244A of the Income-tax Act. The total amount received by the bank is ₹835,07,83,969.
The bank received official notification of the order via email on November 24, 2025.
Source: BSE