Income tax refunds worth Rs 1.19 lakh crore issued to 1 crore taxpayers

Income tax refunds of more than Rs 1.19 lakh crore have been issued to over 1.02 crore taxpayers between April 1 to November 15, the I-T department on Thursday said. This also includes refunds of Rs 67.99 lakh of AY 2021-22, which amounted to Rs 13,140.94 crore.

“CBDT (Central Board of Direct Taxes) issues refunds of over Rs 1,19,093 crore to more than 1.02 crore taxpayers from 1st April 2021 to 15th November 2021. Income tax refunds of Rs 38,034 crore have been issued in 1,00,42,619 cases & corporate tax refunds of Rs 81,059 crore have been issued in 1,80,407 cases,” the I-T department tweeted.