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

India–US Trade Pact Opens $118 Billion Textile Market for Indian Exports, Says Government

Interim Trade Agreement with US to Boost ‘Make in India’, Create Jobs: PM Modi

RBI Survey: India’s GDP Growth Likely at 6.5–6.9% in FY 2026–27

India’s Growth Story Remains Strong: Budget 2026-27 Projects Robust GDP Expansion, Fiscal Consolidation

Growth Resilience, Employment Gains and the Global Test Ahead

India’s Economic Survey 2025–26: The Anatomy of Resilient Growth in an Age of Global Uncertainty

Microsoft India Launches Initiative To Help SMBs Develop Digital Skills

LATEST NEWS

ICC Decides Against Penalising Bangladesh Over Refusal to Play T20 World Cup Matches in India

Gold Rises ₹3,515, Silver Jumps ₹17,000 as Buying Emerges at Lower Levels

China and ASEAN Celebrate Chinese Spring Festival at ASEAN Headquarters in Jakarta

Union Budget 2026–27 to Open New Avenues for Odisha’s Development: Dharmendra Pradhan

Gold Falls ₹14,000, Silver Slumps ₹94,000 This Week; Weak Demand, Profit Booking Hit Bullion Prices

Union Home Minister Amit Shah Arrives in Raipur on Three-Day Chhattisgarh Visit

Chhattisgarh’s Soul Lives in Tribal Culture: President Droupadi Murmu

India’s Apparel, Footwear, Chemicals Set for Major Export Boost in US Under Bilateral Trade Pact

Welcome Back!

Retrieve your password