Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,23,667 crore to more than 1.11 crore taxpayers between 1st April, 2021 to 22nd November, 2021.
Out of the amount refunded, Income tax refunds of Rs 41,649 crore have been issued in 1,08,88,278 cases, whereas corporate tax refunds of Rs 82,018 crore have been issued in 1,81,218 cases.
Further, this amount includes 75.75 lakh refunds of AY 2021-22 amounting to Rs 15,998.31 crore.Till 15th November, 2021, the figure was 1,19,093 crore refunds to more than 1.02 crore taxpayers. From 15th November till 22nd November Income Tax Refunds issued amount to Rs 4,574 crore.
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