Income Tax Refunds: Over 2.37 Crore Taxpayers Receive Over Rs 2.24 Lakh Crore

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The Central Board of Direct Taxes (CBDT) has announced that over 2.37 crore taxpayers received income tax refunds totalling more than Rs 2.24 lakh crore. This period covers 1st April 2020 to 29th March 2021. The total refunds include Rs 85,012 crore for income tax and Rs 1,39,817 crore for corporate tax.

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2020 and 29th March 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds: Over 2.37 Crore Taxpayers Receive Over Rs 2.24 Lakh Crore

CBDT issues refunds of over Rs. 2,24,829 crore to more than 2.37 crore taxpayers between 1st April, 2020 to 29th March, 2021. Income tax refunds of Rs. 85,012 crore have been issued in 2,33,78,418 cases & corporate tax refunds of Rs. 1,39,817 crore have been issued in 2,85,438 cases.

FAQ :

More than 2.37 crore taxpayers received refunds.

Over Rs 2,24,829 crore in refunds were issued.

The refund figures cover the period from 1st April 2020 to 29th March 2021.

Rs 85,012 crore was issued as income tax refunds.

Rs 1,39,817 crore was issued as corporate tax 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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