Income Tax Refunds: Over 1.87 Crore Taxpayers Received Over Rs 1.91 Lakh Crore

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The Central Board of Direct Taxes (CBDT) has announced that it has issued income tax refunds totalling over Rs 1.91 lakh crore to more than 1.87 crore taxpayers. This period covers from 1st April 2020 to 8th February 2021. The refunds include both individual income tax and corporate tax.

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2020 and 8th February 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds: Over 1.87 Crore Taxpayers Received Over Rs 1.91 Lakh Crore

CBDT issues refunds of over Rs. 1,91,015 crore to more than 1.87 crore taxpayers between 1st April 2020 to 08th February 2021. Income tax refunds of Rs. 67,334 crore have been issued in 1,84,45,638 cases & corporate tax refunds of Rs. 1,23,680 crore have been issued in 2,14,935 cases.

FAQ :

More than 1.87 crore taxpayers received refunds during this period.

The total amount of refunds issued was over Rs 1,91,015 crore.

Income tax refunds amounted to Rs 67,334 crore for 1,84,45,638 cases, and corporate tax refunds were Rs 1,23,680 crore for 2,14,935 cases.

The data covers the period from 1st April 2020 to 8th February 2021.

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