The Income Tax Department has announced that over 11.73 lakh taxpayers have received significant refunds totalling more than Rs 15,438 crore. This period, from April 1st to May 3rd, 2021, saw the issuance of income tax refunds amounting to Rs 5,047 crore to 11,51,408 individuals. Additionally, corporate tax refunds worth Rs 10,392 crore were disbursed to 21,487 companies.
The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021and 3rd May2021. Know the amount of total refund and itsbifurcation below:
CBDT issues refunds of over Rs. 15,438 crore to more than 11.73 lakh taxpayers bet
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FAQ :
More than 11.73 lakh taxpayers received refunds during this period.
The total amount of refunds issued was over Rs 15,438 crore.
Rs 5,047 crore was issued as income tax refunds.
11,51,408 individuals received income tax refunds.
Rs 10,392 crore was issued as corporate tax refunds.
21,487 corporate entities received refunds.