CBDT issues refunds to more than 2.26 crore taxpayers from 1st April 2021 to 20th March 2022

Last updated: 24 March 2022

Quick Summary
The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds. Between 1st April 2021 and 20th March 2022, over 2.26 crore taxpayers received refunds totalling more than Rs 1,93,720 crore. This 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. 1,93,720 crore to more than 2.26 crore taxpayers from 1st April 2021 to 20th March 2022. Income tax refunds of Rs. 70,977 crore have been issued in 2,23,99,122 cases & corporate tax refunds of Rs. 1,22,744 crore have been issued in 2,34,293 cases.

Income Tax Refunds Issued: Over 2.26 Crore Taxpayers Receive Funds

This includes 1.85 crore refunds of AY 2021-22 amounting to Rs. 38,447.27 crore. 

FAQ :

More than 2.26 crore taxpayers received refunds from the CBDT.

The total amount of refunds issued was over Rs 1,93,720 crore.

The refunds were issued from 1st April 2021 to 20th March 2022.

Income tax refunds amounting to Rs 70,977 crore were issued.

Corporate tax refunds amounting to Rs 1,22,744 crore were issued.

Approximately 1.85 crore refunds for AY 2021-22 were issued, totalling Rs 38,447.27 crore.



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