Income Tax Refunds: 11.73 Lakh Taxpayers Receive Over Rs 15,438 Crore

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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 2021 and 3rd May 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds: 11.73 Lakh Taxpayers Receive Over Rs 15,438 Crore

CBDT issues refunds of over Rs. 15,438 crore to more than 11.73 lakh taxpayers between 1st April, 2021 to 03rd May, 2021. Income tax refunds of Rs. 5,047 crore have been issued in 11,51,408 cases & corporate tax refunds of Rs. 10,392 crore have been issued in 21,487 cases.

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.

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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