CBDT issues tax refund of Rs. 1,26,909 crores to 39.14 lakh taxpayers



Quick Summary
The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds, totalling £1,26,909 crore. These refunds have been distributed to 39.14 lakh taxpayers. The breakdown includes £34,532 crore in income tax refunds for 37,21,584 individuals and £92,376 crore in corporate tax refunds for 1,92,409 businesses, as of October 27, 2020.

Rs 1,26,909 crore tax refunds issued

39.14 lakh taxpayers got refunds

Income tax refunds of Rs. 34,532 crore have been issued in 37,21,584 cases

Corporate tax refunds of Rs. 92,376 crore have been issued in 1,92,409 cases

(Till 27th Oct,2020)

CBDT issues tax refund of Rs. 1,26,909 crores to 39.14 lakh taxpayers

FAQ :

The CBDT has issued a total of £1,26,909 crore in tax refunds.

A total of 39.14 lakh taxpayers have received these refunds.

£34,532 crore in income tax refunds have been issued.

37,21,584 individuals received income tax refunds.

£92,376 crore in corporate tax refunds have been issued.

1,92,409 businesses received corporate tax refunds.




News posted by

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.

Comments :


More »

Popular News





CCI Pro



Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details