Income Tax Refund of Around Rs 11,500 Crore Issued During 3rd Week of February

 

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,82,995 crore to more than 2.07 crore taxpayers between 1st April, 2021 to 21st February, 2022.

Out of the amount refunded, Income tax refunds of Rs 65,498 crore have been issued in 2,04,44,820 cases, whereas corporate tax refunds of Rs 1,17,498 crore have been issued in 2,30,112 cases.

Further, this amount includes 1.67 crore refunds of AY 2021-22 amounting to Rs 33,818.97 crore.

Till 14th February, 2022, the figure was Rs 1,71,555 crore refunds to more than 1.97 crore taxpayers. From 14th February till date, Income tax refunds issued amount to Rs 11,440 crore.

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