Income Tax refunds worth Rs 1.81 lakh crore issued so far in FY21

Income Tax refunds worth Rs 1.81 lakh crore issued so far in FY21
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"CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April, 2020 to 25th January, 2021," the department tweeted.

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NEW DELHI: The Income Tax Department on Wednesday said it has issued over Rs 1.81 lakh crore worth refunds to more than 1.74 crore taxpayers so far this fiscal year. Of this, personal income tax refunds of Rs 62,231 crore have been issued to over 1.71 crore taxpayers and corporate tax refunds of Rs 1.19 lakh crore have been issued in 2.12 lakh cases.

"CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April, 2020 to 25th January, 2021," the department tweeted.

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1 Comment on this Story

vinod saboo10 minutes ago
It proved that Govt is harrising honest tax payer and unnecessary deducting more tax and holding money in their kitty.
IT tax payers total cumulative tax assessed and paid should be shown in IT order. 50 % of it should be returned in bad days to them. More people will pay tax to Govt. Govt measures and scheme has failed to make people file tax return.
holding money in their kitty by making useless law.
deducting and holding the honest tax payer money in their kitt.