Income Tax Refunds: Over 59 Lakh Taxpayers Receive Over Rs 84,000 Cr

Quick Summary

The Central Board of Direct Taxes (CBDT) has processed a significant number of income tax refunds. Between 1st April and 11th October 2021, over 59.51 lakh taxpayers received refunds totalling more than Rs 84,781 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 2020 and 1st February 2021. Know the amount of total refund and its bifurcation below:

CBDT issues refunds of over Rs. 84,781 crore to more than 59.51 lakh taxpayers from 1st April, 2021 to 11th October, 2021.

Income Tax Refunds: Over 59 Lakh Taxpayers Receive Over Rs 84,000 Cr

Income tax refunds of Rs. 22,214 crore have been issued in 57,83,032 cases & corporate tax refunds of Rs. 62,567 crore have been issued in 1,67,718 cases.

This includes 29.23 lakh refunds of AY 2021-22 amounting to Rs. 2241.39 crore.

FAQ :

More than 59.51 lakh taxpayers received refunds during this period.

Over Rs 84,781 crore in refunds were issued.

Rs 22,214 crore in income tax refunds were issued in 57,83,032 cases.

Rs 62,567 crore in corporate tax refunds were issued in 1,67,718 cases.

Yes, 29.23 lakh refunds amounting to Rs 2241.39 crore were issued for AY 2021-22.

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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