The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2020 and 28th February 2021. Know the amount of total refund and its bifurcation below:
CBDT issues refunds of over Rs. 1,98,106 crore to more than 1.95 crore taxpayers between 1st April, 2020 to 28th February, 2021. Income tax refunds of Rs. 70,572 crore have been issued in 1,92,45,556 cases & corporate tax refunds of Rs. 1,27,534 crore have been issued in 2,19,050 cases.
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