Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,62,448 crore to more than 1.79 crore taxpayers between 1st April, 2021 to 24th January, 2022.
Out of the amount refunded, Income tax refunds of Rs 57,754 crore have been issued in 1,77,35,899 cases, whereas corporate tax refunds of Rs 1,04,694 crore have been issued in 2,23,952 cases.
Further, this amount includes 1.41 crore refunds of AY 2021-22 amounting to Rs 27,111.40 crore.
Till 17th January, 2022, the figure was Rs 1,59,192 crore refunds to more than 1.74 crore taxpayers. From 17th January till date, Income tax refunds issued amount to Rs 3,256 crore.
Knowledge Source :
Income Tax Refund of Around Rs 4900 Crore Issued During 10th to 17th January