Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,32,381 crore to more than 1.19 crore taxpayers between 1st April, 2021 to 6th December, 2021.
Out of the amount refunded, Income tax refunds of Rs 44,207 crore have been issued in 1,17,32,079 cases, whereas corporate tax refunds of Rs 88,174 crore have been issued in 1,99,481 cases.
Further, this amount includes 83.28 lakh refunds of AY 2021-22 amounting to Rs 17,266.48 crore.
Till 29th November, 2021, the figure was 1,29,210 crore refunds to more than 1.15 crore taxpayers. From 29th November till 6th December Income Tax Refunds issued amount to Rs 3171 crore.