Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 80,086 crore to more than 49.16 lakh taxpayers between 1st April, 2021 to 27th September, 2021.
Out of the amount refunded, Income tax refunds of Rs 19,699 crore have been issued in 47,53,254 cases, whereas corporate tax refunds of Rs 60,387 crore have been issued in 1,63,021 cases.
Further, this amount includes 20.92 lakh refunds of AY 2021-22 amounting to Rs 1611.45 crore.
Till 20th September, 2021, the figure was 74,158 crore refunds to more than 45.25 lakh taxpayers. From 20th September till 27th September Income Tax Refunds issued amount to Rs 5928 crore.