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of <h1>Law grants taxpayers 0.5% monthly interest on refunds with 10% immaterial exclusion and extra 3% annual interest</h1> The provision entitles taxpayers and deductors to simple interest on refunds at 0.5% per month (or part) with three category-specific trigger periods, and excludes immaterial refunds below a 10% threshold; an additional 3% per annum applies where refunds follow certain orders. The enacted Act largely mirrors the Bill but contains drafting changes-e.g., 'financial year' phrasing, minor rewording of cross-references, and altered wording on additional interest and exclusion periods. Those changes are mainly stylistic, though the Act's narrower exclusion phrasing (tying exclusion to the period the refund is actually withheld) can meaningfully affect additional interest calculations in some cases.
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