Tax Refunds: Over £1.5 Lakh Crore Issued to 1.18 Crore Taxpayers

Quick Summary

The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds between April 1st and December 20th, 2020. A total of over Rs. 1,50,863 crore has been refunded to more than 1.18 crore taxpayers. This includes both income tax and corporate tax refunds.

CBDT issues refunds of over Rs. 1,50,863 crore to more than 1.18 crore taxpayers between 1st April,2020 to 20th December, 2020. Income tax refunds of Rs. 47,608 crore have been issued in 1,16,07,299 cases & corporate tax refunds of Rs. 1,03,255 crore have been issued in 2,01,796 cases.

Tax Refunds: Over £1.5 Lakh Crore Issued to 1.18 Crore Taxpayers

FAQ :

The CBDT has issued over Rs. 1,50,863 crore in refunds.

More than 1.18 crore taxpayers received refunds.

The data covers the period from April 1st, 2020, to December 20th, 2020.

Income tax refunds amounted to Rs. 47,608 crore for 1,16,07,299 cases, and corporate tax refunds totalled Rs. 1,03,255 crore for 2,01,796 cases.

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