Income Tax Refunds: Over £43,991 Crore Issued

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The Central Board of Direct Taxes (CBDT) has issued over £43,991 crore in income tax refunds to more than 21.03 lakh taxpayers. This period, from 1st April 2021 to 26th July 2021, saw individual income tax refunds totalling £13,341 crore distributed across 19,89,912 cases. Additionally, corporate tax refunds amounted to £30,651 crore, benefiting 1,12,567 businesses.

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021 and 26th July 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds: Over £43,991 Crore Issued

CBDT issues refunds of over Rs. 43,991 crore to more than 21.03 lakh taxpayers between 1st April, 2021 to 26th July, 2021. Income tax refunds of Rs. 13,341 crore have been issued in 19,89,912 cases & corporate tax refunds of Rs. 30,651 crore have been issued in 1,12,567 cases.

FAQ :

Over £43,991 crore in income tax refunds has been issued.

More than 21.03 lakh taxpayers received refunds.

The refunds were issued between 1st April 2021 and 26th July 2021.

Individual income tax refunds totalled £13,341 crore.

19,89,912 individual income tax refunds were issued.

Corporate tax refunds amounted to £30,651 crore.

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