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Income tax department issues refunds worth over Rs 1.83 lakh crore so far this fiscal
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The income tax department stated that it has issued refunds worth over Rs 1.83 lakh crore to more than 2.09 crore taxpayers so far this fiscal. This includes 1.70 crore refunds of the 2020-21 fiscal ended March 31, 2021, amounting to Rs 34,202.31 crore.
The Central Board of Direct Taxes (CBDT), a part of Department of Revenue in the Ministry of Finance, has issued refunds of over Rs 1,83,579 crore from April 01, 2021 to February 28, 2022.
The refund includes personal income tax refunds of Rs 65,938 crore issued to over 2.07 crore individuals and corporate tax refunds of over Rs 1.17 lakh crore in 2.30 lakh cases.
