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  4. CBDT issues tax refunds of over 1.15 lakh crore to 98.9 lakh taxpayers

CBDT issues tax refunds of over 1.15 lakh crore to 98.9 lakh taxpayers

The tax refund includes 65.31 lakh refunds of AY 2021-22 amounting to Rs 12,616.79 crore.

India TV Business Desk Edited by: India TV Business Desk
New Delhi Updated on: November 10, 2021 16:16 IST
cbdt tax refunds
Image Source : PTI/REPRESENTATIVE

CBDT issues tax refunds of over 1.15 lakh crore to 98.9 lakh taxpayers

The Central Board of Direct Taxes has issued tax refunds of over Rs 1,15,917 crore to more than 98.90 lakh taxpayers from 1st April, 2021 to 8th November 2021. As per the IT Department, Income tax refunds of Rs 36,000 crore have been issued in 97,12,911 cases, and corporate tax refunds of Rs 79,917 crore have been issued in 1,77,184 cases. 

This includes 65.31 lakh refunds of AY 2021-22 amounting to Rs 12,616.79 crore. 

Also Read: IT Returns 2021-22: CBDT extends due date for filing Income Tax till Dec 31

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