Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,67,048 crore to more than 1.87 crore taxpayers between 1st April, 2021 to 7th February, 2022.
Out of the amount refunded, Income tax refunds of Rs 59,949 crore have been issued in 1,85,65,723 cases, whereas corporate tax refunds of Rs 1,07,099 crore have been issued in 2,28,100 cases.
Further, this amount includes 1.48 crore refunds of AY 2021-22 amounting to Rs 28,704.38 crore.
Till 24th January, 2022, the figure was Rs 1,62,448 crore refunds to more than 1.79 crore taxpayers. From 24th January till date, Income tax refunds issued amount to Rs 4600 crore.
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Knowledge Source :
11th Instalment of Revenue Deficit Grant Released