Income Tax Department issues ₹ 1.36 lakh crore refund to 41.25 lakh taxpayers

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Corporate tax refunds worth Rs 1,00,934 crore were issued in a total of 1,96,880 cases. The Income Tax Department gave this information by tweeting.




New Delhi: The Income Tax Department has so far issued more than Rs 1.36 lakh crore refunds to 41.25 lakh taxpayers in the current financial year. The department said that it includes Rs 36,028 crore in the form of personal income tax (PIT) refund. Whereas corporate tax refunds of more than one lakh crore rupees were issued.

 

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The Income Tax Department tweeted, “CBDT issued more than Rs. 1,36,962 crore refunds to over 41.25 lakh taxpayers between April 1, 2020 and November 24, 2020. Income tax refunds worth Rs 36,028 crore were issued in a total of 39,28,067 cases and corporate tax refunds of Rs 1,00,934 crore in a total of 1,96,880 cases.

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