Income Tax Refund of Around Rs 5000 Crore Issued During 20th to 27th December

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,49,297 crore to more than 1.45 crore taxpayers between 1st April, 2021 to 27th December, 2021.

Out of the amount refunded, Income tax refunds of Rs 50,793 crore have been issued in 1,42,48,302 cases, whereas corporate tax refunds of Rs 98,504 crore have been issued in 2,19,357 cases.

Further, this amount includes 1.07 crore refunds of AY 2021-22 amounting to Rs 21,021.19 crore.

Till 20th December, 2021, the figure was  1,44,328 crore refunds to more than 1.38 crore taxpayers. From 20th till 27th December Income Tax Refunds issued amount to Rs 4,969 crore.

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Knowledge Source :

4.51 Crore ITRs Filed till 26th December

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