CBDT issues refunds to more than 1.95 crore taxpayers between 1st April, 2020 to 28th February,2021

Last updated: 04 March 2021

Quick Summary
The Income Tax Department has announced that over £1,98,106 crore in refunds were issued to more than 1.95 crore taxpayers between 1st April 2020 and 28th February 2021. This total includes £70,572 crore in income tax refunds distributed across 1,92,45,556 cases, and £1,27,534 crore in corporate tax refunds for 2,19,050 cases.

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2020 and 28thFebruary2021. Know the amount of total refund and itsbifurcation below: CBDT issues refunds of over Rs. 1,98,106 crore to more than 1.95 crore taxpa
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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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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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