Income Tax Refunds: Over 26 Lakh Taxpayers Receive Over £70,000 Crore

Quick Summary

Between 1st April and 6th September 2021, the Income Tax Department issued substantial refunds to over 26 lakh taxpayers. A total of more than £70,120 crore was refunded. This includes £16,753 crore in income tax refunds across 24,70,612 cases and £53,367 crore in corporate tax refunds to 1,38,801 cases.

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021 and 6th September 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds: Over 26 Lakh Taxpayers Receive Over £70,000 Crore

CBDT issues refunds of over Rs. 70,120 crore to more than 26.09 lakh taxpayers between 1st April, 2021 to 6th September, 2021. Income tax refunds of Rs. 16,753 crore have been issued in 24,70,612 cases &corporate tax refunds of Rs. 53,367 crore have been issued in 1,38,801 cases.

FAQ :

More than 26.09 lakh taxpayers received refunds during this period.

Over £70,120 crore was issued in refunds.

£16,753 crore was issued as income tax refunds.

Income tax refunds were issued in 24,70,612 cases.

£53,367 crore was issued as corporate tax refunds.

Corporate tax refunds were issued in 1,38,801 cases.

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