Income Tax Refund of Over Rs 1100 Crore Issued During 27th December to 3rd January

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,50,407 crore to more than 1.48 crore taxpayers between 1st April, 2021 to 3rd January, 2022.

Out of the amount refunded, Income tax refunds of Rs 51,194 crore have been issued in 1,46,24,250 cases, whereas corporate tax refunds of Rs 99,213 crore have been issued in 2,19,913 cases.

Further, this amount includes 1.1 crore refunds of AY 2021-22 amounting to Rs 21,323.55 crore.

Till 27th December, 2021, the figure was  1,49,297 crore refunds to more than 1.45 crore taxpayers. From 27th December till date, Income tax refunds issued amount to Rs 1,110 crore.

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Knowledge Source

5.42 Crore ITRs Filed till 30th December 2021

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