Quick Summary
The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2020 and 22nd February 2021. Know the amount of total refund and its bifurcation 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 2,17,399 cases.
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.
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