The Income Tax Department has issued over Rs. 26,276 crore in refunds to more than 15.47 lakh taxpayers. This period, from April 1st to May 31st, 2021, saw income tax refunds amounting to Rs. 7,538 crore distributed to 15,02,854 individuals. Additionally, corporate tax refunds totalling Rs. 18,738 crore were issued to 44,531 companies.
The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021and 31st May2021. Know the amount of total refund and itsbifurcation below:
CBDT issues refunds of over Rs. 26,276 crore to more than 15.47 lakh taxpayers be
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FAQ :
More than 15.47 lakh taxpayers received refunds during this period.
Over Rs. 26,276 crore in refunds were issued.
Rs. 7,538 crore in income tax refunds were issued to 15,02,854 individuals.
Rs. 18,738 crore in corporate tax refunds were issued.
44,531 corporate tax refunds were issued.