Income Tax Refunds Issued: Over 1.27 Crore Taxpayers Receive £1.36 Lakh Crore

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The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds. From 1st April to 13th December 2021, over 1.27 crore taxpayers received refunds amounting to more than £1,36,779 crore. This total includes both income tax and corporate tax refunds, with a substantial portion allocated to the assessment year 2021-22.

CBDT issues refunds of over Rs. 1,36,779 crore to more than 1.27 crore taxpayers from 1st Apr, 2021 to 13th December,2021. Income tax refunds of Rs. 46,438 crore have been issued in 1,25,34,644 cases & corporate tax refunds of Rs. 90,340 crore have been issued in 2,02,705 cases

Income Tax Refunds Issued: Over 1.27 Crore Taxpayers Receive £1.36 Lakh Crore

This includes 90.95 lakh refunds of AY 2021-22 amounting to Rs. 18,848.60 crore.

FAQ :

More than 1.27 crore taxpayers received refunds during this period.

The total value of refunds issued exceeded £1,36,779 crore.

Both income tax refunds and corporate tax refunds were issued.

Income tax refunds amounted to £46,438 crore.

Corporate tax refunds amounted to £90,340 crore.

There were 90.95 lakh refunds issued for AY 2021-22, totalling £18,848.60 crore.

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