Income Tax Refunds Issued: Over 1.19 Cr Taxpayers Receive Rs 1.32 Lakh Cr

Quick Summary

The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds. Between 1st April and 6th December 2021, over 1.19 crore taxpayers received refunds totalling more than £1,32,381 crore. This includes both income tax and corporate tax refunds, with a substantial portion allocated to Assessment Year 2021-22.

CBDT issues refunds of over Rs. 1,32,381 crore to more than 1.19 crore taxpayers from 1st Apr, 2021 to 6th December, 2021. Income tax refunds of Rs. 44,207 crore have been issued in 1,17,32,079 cases & corporate tax refunds of Rs. 88,174 crore have been issued in 1,99,481 cases.

Income Tax Refunds Issued: Over 1.19 Cr Taxpayers Receive Rs 1.32 Lakh Cr

This includes 83.28 lakh refunds of AY 2021-22 amounting to Rs. 17,266.48 crore.

FAQ :

More than 1.19 crore taxpayers received refunds during this period.

The total value of refunds issued exceeded £1,32,381 crore.

Both income tax refunds and corporate tax refunds were issued.

Income tax refunds amounting to £44,207 crore were issued in over 1.17 crore cases.

A total of 83.28 lakh refunds for AY 2021-22 were issued, amounting to £17,266.48 crore.

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