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of <h1>Tax Authority Must Pay 15% Annual Interest on Delayed Refunds After 3 Months Under Section Rules</h1> If the tax authority fails to grant a refund within three months from the end of the month in which the total income is determined or the refund claim is made, the government must pay simple interest at fifteen percent per annum on the refund amount from the day after the three-month period until the refund is granted. This interest excludes any delay attributable to the taxpayer. Disputes regarding the period to exclude for interest calculation are resolved by the designated senior tax official, whose decision is final. These provisions do not apply to assessments for the year beginning April 1, 1989, or later.
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