The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021 and 25th October 2021. Know the amount of total refund and its bifurcation below:
CBDT issues refunds of over Rs. 1,02,952 crore to more than 77.92 lakh taxpayers from 1st April 2021 to 25th October 2021.
Income tax refunds of Rs. 27,965 crore have been issued in 76,21,956 cases & corporate tax refunds of Rs. 74,987 crore have been issued in 1,70,424 cases.
This includes 46.09 lakh refunds of AY 2021-22 amounting to Rs. 6657.40 crore.
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