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.




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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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