The Income Tax Department has issued refunds amounting to over £1.95 lakh crore to more than 1.93 crore taxpayers. This period, from 1st April 2020 to 22nd February 2021, saw significant payouts. Of the total, £69,653 crore was refunded to individuals across nearly 1.91 crore cases, while corporate tax refunds amounted to £1.26 lakh crore distributed among 2,17,399 companies.
The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2020 and 22ndFebruary2021. Know the amount of total refund and itsbifurcation below:
CBDT issues refunds of over Rs. 1,95,736 crore to more than 1.93 crore taxpayers between 1st April,2020 to 22nd February,2021. Income tax refunds of Rs. 69,653 crore have been issued in 1,90,52,977 cases corporate tax refunds of Rs. 1,26,083 crore have been issued in 2,17,39
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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FAQ :
More than 1.93 crore taxpayers received refunds during this period.
The total amount of refunds issued was over £1,95,736 crore.
Income tax refunds of £69,653 crore were issued in individual cases.
Approximately 1,90,52,977 individual taxpayers received refunds.
Corporate tax refunds amounted to £1,26,083 crore.
A total of 2,17,399 corporate entities received refunds.