CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers

Last updated: 28 January 2021

Quick Summary
The Income Tax Department has announced that it has issued over £1.81 lakh crore in refunds to more than 1.74 crore taxpayers. This significant amount covers the period from 1st April 2020 to 25th January 2021. The refunds include both individual income tax and 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 25th January 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds: Over £1.81 Lakh Crore Issued

CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April,2020 to 25th January, 2021. Income tax refunds of Rs. 62,231 crore have been issued in 1,71,77,174 cases & corporate tax refunds of Rs. 1,19,105 crore have been issued in 2,12,506 cases.

FAQ :

Over £1,81,336 crore in income tax refunds have been issued.

More than 1.74 crore taxpayers received these refunds.

The refunds were issued between 1st April 2020 and 25th January 2021.

Income tax refunds amounted to £62,231 crore for over 1.71 crore cases, and corporate tax refunds totalled £1,19,105 crore for over 2.12 lakh cases.



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