CBDT Issues Income Tax Refund of Rs 1,36,962 crore till 24th November 2020

On 25^th November,2020, the Income tax department has clarified that refunds of over Rs 1,36,962 crore have been made to more than 41.25 lakh taxpayer, between 1st April,2020 to 24th November,2020.

It includes Rs 36,028 crore refunds to 39,28,067 cases and corporate tax refunds of Rs 1,00,934 crore to 1,96,880 cases.

While, till 3^rd November,2020, the figure of refunds was Rs 1,29,190 crore.

Here is the official tweet:

CBDT issues refunds of over Rs. 1,36,962 crore to more than 41.25 lakh taxpayers between 1st April,2020 to 24th November,2020. Income tax refunds of Rs. 36,028 crore have been issued in 39,28,067cases &corporate tax refunds of Rs. 1,00,934 crore have been issued in 1,96,880cases.

— Income Tax India (@IncomeTaxIndia) November 25, 2020