Income Tax Refund of Around Rs 3100 Crore Issued in First Week of March


Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,86,677 crore to more than 2.14 crore taxpayers between 1st April, 2021 to 7th March, 2022.

Out of the amount refunded, Income tax refunds of Rs 67,442 crore have been issued in 2,11,76,025 cases, whereas corporate tax refunds of Rs 1,19,235 crore have been issued in 2,31,654 cases.

Further, this amount includes 1.74 crore refunds of AY 2021-22 amounting to Rs 35,296.86 crore.

Till 28th February, 2022, the figure was Rs 1,83,579 crore refunds to more than 2.09 crore taxpayers. From 28th February till date, Income tax refunds issued amount to Rs 3,098 crore.

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