Income tax refunds of over Rs 1.15 lakh crore have been issued to more than 98 lakh taxpayers so far this fiscal year, the I-T department said on Wednesday. These also include Rs 12,616.79 crore refunds to 65.31 lakh taxpayers for 2020-21 fiscal (Assessment Year 2021-22).
“CBDT issues refunds of over Rs 1,15,917 crore to more than 98.90 lakh taxpayers from 1st April, 2021 to 8th November,2021,” the I-T department tweeted.
This includes personal income tax refunds of Rs 36,000 crore to over 97.12 lakh taxpayers, and corporate tax refunds of Rs 79,917 crore in over 1.77 lakh cases.
