Income Tax Refunds Worth ₹ 92,961 Crore Issued In 2021-22

Income tax refunds worth more than ₹ 90,000 crore have been issued in the current fiscal

Income Tax refunds totalling ₹ 92,961 crore have been issued to taxpayers during the current fiscal, the Central Board of Direct Taxes (CBDT) said on Thursday.
These figures include refunds of ₹ 23,026 crore in 61,53,231 cases and corporate tax refunds of ₹ 69,934 crore in 1,69,355 cases, the board said in a Twitter post.

The refunds were issued by CBDT worth ₹ 92,961 crore to more than 63.23 lakh taxpayers for the period from April 1, 2021 to October 18, 2021.

“This includes 32.49 lakh refunds of assessment year 2021-22 amounting to ₹ 2,498.18 crore,” the department further said.

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