Over Rs 1.15 lakh crore I-T refunds issued till November 8; include Rs 12,617 crore for FY 2021

These also include Rs 12,616.79 crore refunds to 65.31 lakh taxpayers for 2020-21 fiscal.

Income Tax Department (Photo | PTI)

NEW DELHI: Income tax refunds of over Rs 1.15 lakh crore have been issued to more than 98 lakh taxpayers so far this fiscal year, the I-T department said on Wednesday. These also include Rs 12,616.79 crore refunds to 65.31 lakh taxpayers for 2020-21 fiscal (Assessment Year 2021-22).

This includes 65.31 lakh refunds of AY 2021-22 amounting to Rs. 12,616.79 crore. (2/2)@nsitharamanoffc@mppchaudhary@officeofPCM@FinMinIndia@PIB_India

— Income Tax India (@IncomeTaxIndia) November 10, 2021

"CBDT issues refunds of over Rs 1,15,917 crore to more than 98.90 lakh taxpayers from 1st April, 2021 to 8th November,2021," the I-T department tweeted. This includes personal income tax refunds of Rs 36,000 crore to over 97.12 lakh taxpayers, and corporate tax refunds of Rs 79,917 crore in over 1.77 lakh cases.