Income tax refunds of over Rs 1 lakh crore issued during this fiscal: CBDT

PTI | Published: 27th October 2021 07:40 PM
Representational Image. (File Photo)

NEW DELHI: Refunds of over Rs 1,02,952 crore have been issued to the taxpayers during the current financial year, the CBDT said on Wednesday. The Central Board of Direct Taxes (CBDT) frames policy for the Income Tax Department.

This figure includes income tax refunds of Rs 27,965 crore in 76,21,956 cases and corporate tax refunds of Rs 74,987 crore in 1,70,424 cases, according to an official Twitter post.

"CBDT issues refunds of over Rs 1,02,952 crore to more than 77.92 lakh taxpayers from 1st April, 2021 to 25th October, 2021."

"This includes 46.09 lakh refunds of AY (assessment year) 2021-22 amounting to Rs 6,657.40 crore," the Income Tax Department tweeted.

Tags : Income tax refunds CBDT

More from this section

'Looks like she is contemplating something new excluding Congress': Raut on Mamata's Opposition outreach efforts
'Killings of Nagaland civilians unfortunate': Army orders probe into 'encounter' in Mon district
India records 2,796 COVID deaths as Bihar reconciles data; 8,895 new infections reported
Culture Ministry to ramp up security arrangements at museums for safety of antiquities
AAP alleges illegal sand mining in Punjab CM Charanjit Singh Channi's constituency Chamkaur Sahib

Next >>