CBDT issues Rs 1.62 lakh crore income tax refunds to over 1.79 crore taxpayers till January 24
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The Central Board of Direct Taxes (CBDT) has issued Rs 1.62 lakh crore income tax refunds to over 1.79 crore taxpayers till January 24, 2022 of the current financial year. In absolute terms, Income Tax Department said CBDT issues refunds of over Rs 1,62,448 crore from April 01, 2021 to January 24, 2022.
Income tax refunds of Rs 57,754 crore have been issued in 1,77,35,899 cases and corporate tax refunds of Rs 1,04,694 crore have been issued in 2,23,952 cases. This includes 1.41 crore refunds of Assessment Year 2021-22 amounting to Rs 27,111.40 crore.
Earlier, CBDT had issues refunds of over Rs 1,54,302 crore to more than 1.59 crore taxpayers from April 01, 2021 to January 10, 2022. This includes personal income tax refunds of Rs 53,689 crore to over 1.56 crore entities and corporate tax refunds of over Rs 1 lakh crore to more than 2.21 lakh businesses.
