Income Tax Refunds: Over 1.90 Crore Taxpayers Receive Funds

Quick Summary

Between 1st April 2020 and 15th February 2021, the Central Board of Direct Taxes (CBDT) issued refunds to more than 1.90 crore taxpayers. The total amount refunded exceeded Rs. 1,93,455 crore. This includes both individual income tax refunds and corporate tax refunds.

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2020 and 15th February 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds: Over 1.90 Crore Taxpayers Receive Funds

CBDT issues refunds of over Rs. 1,93,455 crores to more than 1.90 crore taxpayers between 1st April 2020 to 15th February 2021. Income tax refunds of Rs. 68,515 crore have been issued in 1,88,02,365 cases & corporate tax refunds of Rs. 1,24,939 crore have been issued in 2,16,064 cases.

FAQ :

More than 1.90 crore taxpayers received refunds.

The total value of refunds issued was over Rs. 1,93,455 crore.

The data covers the period from 1st April 2020 to 15th February 2021.

Rs. 68,515 crore was issued as income tax refunds.

Rs. 1,24,939 crore was issued as corporate tax refunds.

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