Income Tax Refunds Issued: Over 7.39 Lakh Taxpayers Receive Rs 5,649 Cr

Quick Summary

The Income Tax Department has issued substantial refunds to taxpayers. Between April 1st and April 19th, 2021, over 7.39 lakh individuals and businesses received a total of Rs 5,649 crore in refunds. This includes Rs 3,073 crore for individual income tax and Rs 2,577 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 2021 and 19th April 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds Issued: Over 7.39 Lakh Taxpayers Receive Rs 5,649 Cr

CBDT issues refunds of over Rs. 5,649 crore to more than 7.39 lakh taxpayers between 1st April, 2021 to 19th April, 2021. Income tax refunds of Rs. 3,073 crore have been issued in 7,23,561 cases & corporate tax refunds of Rs. 2,577 crore have been issued in 15,206 cases.

FAQ :

More than 7.39 lakh taxpayers received refunds during this period.

The total amount of refunds issued was over Rs 5,649 crore.

Rs 3,073 crore was issued as income tax refunds.

Rs 2,577 crore was issued as corporate tax refunds.

Income tax refunds were issued in 7,23,561 cases.

Corporate tax refunds were issued in 15,206 cases.

1227 Views Comment Share Income Tax Report

News posted by

CCI News Desk

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.

View News

Comments :