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

by Economy India
January 27, 2022
Reading Time: 1 min read
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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)

Tags: Income TaxIncome Tax RefundsTax Payers
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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