Over Rs 2500 Crore Income Tax Refund Issued from 4th to 11th October

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 84,781 crore to more than 59.51 lakh taxpayers between 1st April, 2021 to 11^th October, 2021.

Out of the amount refunded, Income tax refunds of Rs 22,214 crore have been issued in 55,83,032 cases, whereas corporate tax refunds of Rs 62,567 crore have been issued in 1,67,718 cases.

Further, this amount includes 29.23 lakh refunds of AY 2021-22 amounting to Rs 2241.39 crore.

Till 4th October, 2021, the figure was 82,229 crore refunds to more than 53.54 lakh taxpayers. From 4^th October till 11^th October Income Tax Refunds issued amount to Rs 2,552 crore.