Income Tax Refunds Worth Rs 1.81 Lakh Crore Issued So Far In FY21
The Income Tax Department head office in Mumbai. (Photograph: BloombergQuint)

Income Tax Refunds Worth Rs 1.81 Lakh Crore Issued So Far In FY21

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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.

Central Board Of Direct Taxation issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between April 1, 2020 to Jan. 25, 2021, the department tweeted.

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