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 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.
FAQ :
The total amount of refunds issued is over £1,98,106 crore.
More than 1.95 crore taxpayers received refunds.
The data covers the period from 1st April 2020 to 28th February 2021.
Income tax refunds amounted to £70,572 crore.
Corporate tax refunds totalled £1,27,534 crore.
Income tax refunds were issued in 1,92,45,556 cases.
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