Income Tax Refund of Over Rs 5400 Crore Issued in Second Week of March

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,92,119 crore to more than 2.24 crore taxpayers between 1st April, 2021 to 15th March, 2022.

Out of the amount refunded, Income tax refunds of Rs 70,373 crore have been issued in 2,21,62,611 cases, whereas corporate tax refunds of Rs 1,21,746 crore have been issued in 2,32,997 cases.

Further, this amount includes 1.83 crore refunds of AY 2021-22 amounting to Rs 37,961.19 crore.

Till 28th February, 2022, the figure was Rs 1,86,677 crore refunds to more than 2.14 crore taxpayers. From 7th March till date, Income tax refunds issued amount to Rs 5442 crore.

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Knowledge Source :

Post Offices to Stop Paying Interest in Cash

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