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 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.
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