CBDT issues Rs 92,961 crore in refunds to more than 63.23 lakh taxpayers

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 92,961 crore to more than 63.23 lakh taxpayers in the current financial year till October 18, 2021.

The CBDT on Thursday further said that the income tax refunds of Rs 23,026 crores have been issued in 61,53,231 cases and corporate tax refunds of Rs 69,934 crores have been issued in 1,69,355 cases. This includes 32.49 lakh refunds of AY 2021-22 amounting to Rs. 2498.18 crore.

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The information was provided by the tax authority over its official Twitter account. "CBDT issues refunds of over Rs. 92,961 crore to more than 63.23 lakh taxpayers from 1st April, 2021 to 18th October, 2021. Income tax refunds of Rs. 23,026 crore have been issued in 61,53,231 cases &corporate tax refunds of Rs. 69,934 crore have been issued in 1,69,355 cases," it tweeted.

This includes 32.49 lakh refunds of AY 2021-22 amounting to Rs. 2498.18 crore. (2/2)@nsitharamanoffc@mppchaudhary@FinMinIndia@PIB_India

— Income Tax India (@IncomeTaxIndia) October 21, 2021

Earlier, on October 13, the Income Tax Department had informed that CBDT has issued refunds of over Rs 84,781 crore to more than 59.51 lakh taxpayers from April 1, 2021 to October 11, 2021.

This includes 29.23 lakh refunds of AY 2021-22 amounting to Rs. 2241.39 crore. (2/2)@nsitharamanoffc@mppchaudhary@FinMinIndia@PIB_India

— Income Tax India (@IncomeTaxIndia) October 13, 2021

Income tax refunds of Rs 22,214 crore have been issued in 57,83,032 cases and corporate tax refunds of Rs. 62,567 crore have been issued in 1,67,718 cases. This includes 29.23 lakh refunds of AY 2021-22  amounting to Rs. 2241.39 crore, it added.