Income Tax Refund of Rs 1900 Crore Issued in 3rd Week of August

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 51,531 crore to more than 22.99 lakh taxpayers between 1st April, 2021 to 23^rd August, 2021.

Out of the amount refunded, Income tax refunds of Rs 14,835 crore have been issued in 21,70,134 cases, whereas corporate tax refunds of Rs 36,696 crore have been issued in 1,28,870 cases.

Till 16^th August, 2021 the figure was Rs 49,696 crore refunds to more than 22.75 lakh taxpayers. From 16^th August till 23^rd August Income Tax Refunds issued amounts to Rs 1,835 crore.