CBDT issues refunds of over Rs. 74,158 crore to more than 45.25 lakh taxpayers from 1st April to 20th September 2021

Last updated: 30 September 2021

Quick Summary
The Central Board of Direct Taxes (CBDT) has processed a significant number of income tax refunds. Between 1st April and 20th September 2021, over 45.25 lakh taxpayers received refunds totalling more than £74,158 crore. This includes both individual income tax refunds and corporate tax refunds.

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021 and 20th September 2021. Know the amount of total refund and its bifurcation below:

Income Tax Refunds: Over 45 Lakh Taxpayers Receive Over £74 Billion

CBDT issues refunds of over Rs. 74,158 crore to more than 45.25 lakh taxpayers from 1st April 2021 to 20th September 2021. Income tax refunds of Rs. 18,873 crore have been issued in 43,68,741cases &corporate tax refunds of Rs. 55,285 crore have been issued in 1,55,920 cases.

This includes 17.45 lakh refunds of AY 2021-22 amounting to Rs. 1350.4 crore.

FAQ :

More than 45.25 lakh taxpayers received refunds during this period.

Over £74,158 crore was issued in refunds.

Income tax refunds amounting to £18,873 crore were issued in 43,68,741 cases.

Corporate tax refunds totalling £55,285 crore were issued in 1,55,920 cases.

Yes, 17.45 lakh refunds for AY 2021-22 amounting to £1350.4 crore were included.



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