CBDT issues refunds to more than 19.59 lakh taxpayers between 1st April to 12th July, 2021

Last updated: 18 July 2021

Quick Summary
The Income Tax Department has issued over Rs 38,950 crore in refunds to more than 19.59 lakh taxpayers. This period, from 1st April to 12th July 2021, saw income tax refunds amounting to Rs 11,731 crore distributed across 18,52,540 cases. Additionally, corporate tax refunds of Rs 27,220 crore were issued to 1,06,433 businesses.

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021 and 12th July 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds Issued: Over 19.5 Lakh Taxpayers Receive Funds

CBDT issues refunds of over Rs. 38,950 crore to more than 19.59 lakh taxpayers between 1st April, 2021 to 12th July, 2021. Income tax refunds of Rs. 11,731 crore have been issued in 18,52,540 cases & corporate tax refunds of Rs. 27,220 crore have been issued in 1,06,433 cases.

FAQ :

More than 19.59 lakh taxpayers received refunds during this period.

A total of over Rs 38,950 crore was issued in refunds.

Rs 11,731 crore was issued as income tax refunds.

Income tax refunds were issued in 18,52,540 cases.

Corporate tax refunds amounted to Rs 27,220 crore.

Corporate tax refunds were issued in 1,06,433 cases.



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