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I-T Dept issues Rs 26,276 cr refunds to 15.35 lakh taxpayers in 2 months of FY22
CBDT issues refunds of over Rs 26,276 crore to more than 15.47 lakh taxpayers between 1st April, 2021 to 31st May, 2021, the income tax department tweeted
PTI | June 4, 2021 | Updated 22:21 IST
The refunds issued in 2020-21 were 43.2 per cent higher than the Rs 1.83 lakh crore issued in 2019-20
The income tax department on Thursday said it has issued Rs 26,276 crore refunds to more than 15.47 lakh taxpayers in two months of the current fiscal. Of this, personal income tax refunds worth Rs 7,538 crore have been issued in over 15.02 lakh cases.
Corporate tax refunds of Rs 18,738 crore have been issued to 44,531 taxpayers.
Read more about New e-filing site for taxpayers from Jun 7; existing to undergo blackout on Business Standard. The new taxpayer friendly portal is integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers
I-T refunds worth Rs 15,438 cr issued in 1 month
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Last Updated: May 05, 2021, 03:18 PM IST
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Synopsis
Of this personal income tax refunds worth Rs 5,047 crore has been issued in over 11.51 lakh cases. Corporate tax refunds of Rs 10,392 crore have been issued to 21,487 taxpayers.
Agencies
In the previous fiscal which ended on March 31, 2021, the department had issued Rs 2.62 lakh crore worth refunds to more than 2.38 crore taxpayers.
The Income Tax department on Wednesday said it has issued refunds of over Rs 15,438 crore to 11.73 lakh taxpayers in one month this fiscal.
Of this personal income tax refunds worth Rs 5,047 crore has been issued in over 11.51 lakh cases. Corporate tax refunds of Rs 10,392 crore have been issued to 21,487 taxpayers.
The Income Tax department on Wednesday said it has issued refunds of over Rs 15,438 crore to 11.73 lakh taxpayers in one month this fiscal. Of this personal income tax refunds worth Rs 5,047 crore has been issued in over 11.51 lakh cases. Corporate tax refunds of Rs 10,392 crore have been issued to 21,487 taxpayers. CBDT issues refunds of over Rs 15,438 crore to more than 11.73 lakh taxpayers between 1st April, 2021 to 3rd May, 2021, the Income tax department tweeted. The I-T department did not specify for which financial year the refunds pertain to. In the previous fiscal which ended on March 31, 2021, the department had issued Rs 2.62 lakh crore worth refunds to more than 2.38 crore taxpayers.