Income Tax Refund of Around Rs 600 Crore Issued During Last Week of February

 

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,83,579 crore to more than 2.09 crore taxpayers between 1st April, 2021 to 28th February, 2022.

Out of the amount refunded, Income tax refunds of Rs 65,938 crore have been issued in 2,07,27,503 cases, whereas corporate tax refunds of Rs 1,17,641 crore have been issued in 2,30,566 cases.

Further, this amount includes 1.70 crore refunds of AY 2021-22 amounting to Rs 34,202.31 crore.

Till 21st February, 2022, the figure was Rs 1,82,995 crore refunds to more than 2.07 crore taxpayers. From 21st February till date, Income tax refunds issued amount to Rs 584 crore

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Knowledge Source :

Old Income-Tax Regime Must Be Disincentivised: Revenue Secretary

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