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 February2021. Know the amount of total refund and itsbifurcation below:
CBDT issues refunds of over Rs. 84,781 crore to more than 59.51 lakh taxpayers f
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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.