Quick Summary
The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021 and 4th October 2021. Know the amount of total refund and its bifurcation below:
CBDT issues refunds of over Rs. 82,229 crore to more than 53.54 lakh taxpayers from 1st April, 2021 to 04th October, 2021.
Income tax refunds of Rs. 20,510 crore have been issued in 51,88,762 cases &corporate tax refunds of Rs. 61,719 crore have been issued in 1,65,397 cases. This includes 24.73 lakh refunds of AY 2021-22 amounting to Rs. 1903.05 crore.
FAQ :
More than 53.54 lakh taxpayers received refunds during this period.
The total amount of refunds issued was over Rs 82,229 crore.
Income tax refunds of Rs 20,510 crore were issued to individual taxpayers, and corporate tax refunds of Rs 61,719 crore were issued.
Refunds amounting to Rs 61,719 crore were issued in 1,65,397 corporate cases.
Yes, 24.73 lakh refunds for AY 2021-22 amounting to Rs 1903.05 crore were included.
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