Income tax refund worth Rs 80,000 crore issued to taxpayers in current financial year


This figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases, the Central Board of Direct Taxes tweeted on Thursday

Representational image. Unsplash@markuswinkler

New Delhi: Refunds amounting to more than Rs 80,000 crore have been issued to the taxpayers during the current financial year, the CBDT said.

The Central Board of Direct Taxes (CBDT) frames policy for the Income Tax Department.

This figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases, the Board tweeted on Thursday.

“CBDT issues refunds of over Rs 80,086 crore to more than 49.16 lakh taxpayers from 1st April, 2021 to 27th September, 2021.”

“This includes 20.92 lakh refunds of AY (assessment year) 2021-22 amounting to Rs 1611.45 crore,” it said.