Income Tax Refunds: Over 1.74 Crore Taxpayers Receive Rs 1.59 Lakh Crore

Quick Summary

The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds, disbursing over £1.59 lakh crore to more than 1.74 crore taxpayers. This period covers from 1st April 2021 to 17th January 2022. The refunds include both individual income tax and corporate tax payments.

CBDT issues refunds of over Rs. 1,59,192 crore to more than 1.74 crore taxpayers from 1st April 2021 to 17th January, 2022. Income tax refunds of Rs. 56,765 crore have been issued in 1,72,01,502cases & corporate tax refunds of Rs. 1,02,428 crore have been issued in 2,22,774 cases.

Income Tax Refunds: Over 1.74 Crore Taxpayers Receive Rs 1.59 Lakh Crore

This includes 1.36 crore refunds of AY 2021-22 amounting to Rs. 26,372.83 crore.

FAQ :

More than 1.74 crore taxpayers have received refunds.

Over Rs 1,59,192 crore in refunds have been issued.

The data covers the period from 1st April 2021 to 17th January 2022.

Income tax refunds amounting to Rs 56,765 crore were issued.

Corporate tax refunds amounting to Rs 1,02,428 crore were issued.

Approximately 1.36 crore refunds for AY 2021-22 were issued, totalling Rs 26,372.83 crore.

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