Income Tax Refund of Around Rs 5600 Crore Issued in Last Week of November

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,29,210 crore to more than 1.15 crore taxpayers between 1st April, 2021 to 29th November, 2021.

Out of the amount refunded, Income tax refunds of Rs 42,981 crore have been issued in 1,13,14,007 cases, whereas corporate tax refunds of Rs 86,228 crore have been issued in 1,93,002 cases.

Further, this amount includes 79.70 lakh refunds of AY 2021-22 amounting to Rs 16,691.50 crore.

Till 22nd November, 2021, the figure was 1,23,667 crore refunds to more than 1.11 crore taxpayers. From 22nd November till 29th November Income Tax Refunds issued amount to Rs 5,543 crore

Knowledge Update

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