CBDT issues refunds to more than 1.65 crore taxpayers between 1st April, 2020 to 18th Jan, 2021

Last updated: 21 January 2021

Quick Summary
The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds. Between April 1, 2020, and January 18, 2021, over 1.65 crore taxpayers received refunds amounting to more than Rs 1.76 lakh crore. This includes Rs 58,631 crore in income tax refunds and Rs 1.17 lakh crore in corporate tax refunds.

An amount of more than Rs. 1,76,217 crore refunded to more than 1.65 Crore taxpayers between 1st April, 2020 to 18th January, 2021 reports The Central Board of Direct Taxes(CBDT). Read the official announcement below:

CBDT Issues Over 1.65 Crore Tax Refunds Worth Rs 1.76 Lakh Crore

CBDT issues refunds of over Rs. 1,76,217 crore to more than 1.65 crore taxpayers between 1st April, 2020 to 18th January, 2021. Income tax refunds of Rs. 58,631 crore have been issued in 1,62,39,742 cases & corporate tax refunds of Rs. 1,17,586 crore have been issued in 2,11,338 cases

FAQ :

More than 1.65 crore taxpayers received refunds.

The total amount refunded was over Rs 1,76,217 crore.

The data covers the period from 1st April 2020 to 18th January 2021.

Rs 58,631 crore was issued as income tax refunds.

Rs 1,17,586 crore was issued as corporate tax refunds.



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