Income Tax Refund of Around Rs 8200 Crore from 11th to 18th October

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 92,961 crore to more than 63.23 lakh taxpayers between 1st April, 2021 to 18^th October, 2021.

Out of the amount refunded, Income tax refunds of Rs 23,026 crore have been issued in 61,53,231 cases, whereas corporate tax refunds of Rs 69,934 crore have been issued in 1,69,355 cases.

Further, this amount includes 32.49 lakh refunds of AY 2021-22 amounting to Rs 2,498.18 crore.

Till 11th October, 2021, the figure was 84,781 crore refunds to more than 59.51 lakh taxpayers. From 11^th October till 18^th October Income Tax Refunds issued amount to Rs 8,180 crore.