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<h1>Taxpayers Can Claim Refund for Overpaid Taxes Under Income Tax Act, 2025 If Amount Exceeds Chargeable Limit.</h1> If a taxpayer demonstrates to the Assessing Officer that the tax amount paid by or on their behalf for a specific tax year exceeds the correct chargeable amount under the Income Tax Act, 2025, they are entitled to a refund of the excess amount.