Income Tax Refund of Around Rs 4900 Crore Issued During 10th to 17th January

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,59,192 crore to more than 1.74 crore taxpayers between 1st April, 2021 to 17th January, 2022.

Out of the amount refunded, Income tax refunds of Rs 56,765 crore have been issued in 1,72,01,502 cases, whereas corporate tax refunds of Rs 1,02,428 crore have been issued in 2,22,774 cases.

Further, this amount includes 1.36 crore refunds of AY 2021-22 amounting to Rs 26,372.83 crore.

Till 10th January, 2022, the figure was Rs 1,54,302 crore refunds to more than 1.59 crore taxpayers. From 10th January till date, Income tax refunds issued amount to Rs 4,890 crore.

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