Income Tax Refund of Around Rs 10000 Crore Issued During 3rd Week of October

Income Tax Refund

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,02,952 crore to more than 77.92 lakh taxpayers between 1st April, 2021 to 25th October, 2021.

Out of the amount refunded, Income tax refunds of Rs 27,965 crore have been issued in 76,21,956 cases, whereas corporate tax refunds of Rs 74,987 crore have been issued in 1,70,424 cases.

Further, this amount includes 46.09 lakh refunds of AY 2021-22 amounting to Rs 6,657.40 crore.

Till 18th October, 2021, the figure was 92,961 crore refunds to more than 63.23 lakh taxpayers. From 18th October till 25th October Income Tax Refunds issued amount to Rs 9,991 crore.


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Knowledge Update

Income Tax Portal Will Not Work For 12 Hours From 10 PM Tonight

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