Income Tax Refunds Worth Rs 1.62 Lakh Cr Issued So Far This Fiscal

The Income Tax department on Thursday said it has issued refunds worth Rs 1.62 lakh crore to more than 1.79 crore taxpayers so far this fiscal. This includes 1.41 crore refunds for 2020-21 fiscal amounting to Rs 27,111.40 crore.

“CBDT issues refunds of over Rs 1,62,448 crore to more than 1.79 crore taxpayers from 1st Apr,2021 to 24th Jan,2022,” the Income Tax department tweeted.

This includes personal Income Tax refunds of Rs 57,754 crore issued to over 1.77 crore entities and corporate tax refunds of Rs 1.04 lakh crore have been issued in 2.23 lakh cases. (EconomicTimes)

Income Tax Refunds Worth Rs 1.62 Lakh Cr Issued So Far This Fiscal

Economy India

Related Posts

Pakistan’s Total Public Debt Crosses $286 Billion in FY2024-25, Rising 13% Year-on-Year

Trump’s 100% Tariff on China Triggers $1.5 Trillion Market Meltdown

India’s Trade Deficit Expected to Reach ₹2.5 Lakh Crore in September 2025

India Extends Export Duty and Tax Refund Scheme (RoDTEP) Until March 2026: A Comprehensive Analysis

Trump Slaps 100% Tariff on Branded Drugs from October 1; India, Key Exporter, Faces Uncertainty

GST 2.0: FMCG Firms Expect Full Price Alignment Within Two Months

Microsoft India Launches Initiative To Help SMBs Develop Digital Skills

LATEST NEWS

SBI to Hire 3,500 Officers Over the Next Five Months

Trump Dances on Red Carpet in Malaysia, Brokers Historic Peace Accord Between Thailand and Cambodia

Midcap Funds Outshine: 10-Year SIP Returns Average 17.4%, Beating Smallcap and Largecap Indices

India Dominates Forbes Asia’s ‘100 Startups to Watch’ List 2025: 18 Indian Firms Among Asia’s Most Promising Innovators

JDU Expels 11 Senior Leaders for Anti-Party Activities: Former Minister and MLAs Among Those Ousted

UP CM Yogi Adityanath Meets PM Modi in New Delhi, Discusses State’s Development Agenda

Odisha Approves ₹1.46 Lakh Crore Investment Across 33 Projects, Including Adani’s Coal-to-Chemical Venture

Pakistan’s Total Public Debt Crosses $286 Billion in FY2024-25, Rising 13% Year-on-Year

Welcome Back!

Retrieve your password