Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,19,093 crore to more than 1.02 crore taxpayers between 1st April, 2021 to 15th November, 2021.
Out of the amount refunded, Income tax refunds of Rs 38,034 crore have been issued in 1,00,42,619 cases, whereas corporate tax refunds of Rs 81,059 crore have been issued in 1,80,407 cases.
Further, this amount includes 67.99 lakh refunds of AY 2021-22 amounting to Rs 13,140.94 crore.
Till 8th November, 2021, the figure was 1,15,917 crore refunds to more than 98.90 lakh taxpayers. From 8th November till 15th November Income Tax Refunds issued amount to Rs 3,176 crore.
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Income Tax Department Sets up Taxpayers’ Lounge in International Trade fair, 2021