The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021 and 1st November 2021. Know the amount of total refund and its bifurcation below:
CBDT issues refunds of over Rs. 1,12,489 crore to more than 91.30 lakh taxpayers from 1st April 2021 to 1st November 2021.
Income tax refunds of Rs. 33,548 crore have been issued in 89,53,923 cases &corporate tax refunds of Rs. 78,942 crore have been issued in 1,75,692 cases. This includes 58.22 lakh refunds of AY 2021-22 amounting to Rs. 11,086.89 crore.
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