Income Tax Refunds Issued: Over 15 Lakh Taxpayers Receive Over Rs 24,000 Cr

Quick Summary

The Income Tax Department has announced that it has issued refunds to over 15 lakh taxpayers. Between April 1st and May 17th, 2021, a total of more than Rs 24,792 crore was refunded. This includes Rs 7,458 crore in income tax refunds and Rs 17,334 crore in corporate tax refunds.

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021 and 17th May 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds Issued: Over 15 Lakh Taxpayers Receive Over Rs 24,000 Cr

CBDT issues refunds of over Rs. 24,792 crore to more than 15 lakh taxpayers between 1st April, 2021 to 17th May, 2021. Income tax refunds of Rs. 7,458 crore have been issued in 14,98,488 cases & corporate tax refunds of Rs. 17,334 crore have been issued in 43,661 cases.

FAQ :

More than 15 lakh taxpayers received refunds during this period.

The total amount of refunds issued was over Rs 24,792 crore.

Rs 7,458 crore was issued as income tax refunds.

Rs 17,334 crore was issued as corporate tax refunds.

Income tax refunds were issued in 14,98,488 cases.

Corporate tax refunds were issued in 43,661 cases.

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