Income Tax Refunds Of Over Rs 2.24 Lakh Crore Issued Till March 29
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

Income Tax Refunds Of Over Rs 2.24 Lakh Crore Issued Till March 29

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The Income Tax Department on Wednesday said it has issued refunds worth over Rs 2.24 lakh crore to more than 2.37 crore taxpayers till March 29 in the current fiscal year.

This includes Rs 85,012 crore personal income tax refunds to 2.33 crore taxpayers and Rs 1.39 lakh crore worth corporate tax refunds in 2.85 lakh cases.

CBDT issues refunds of over Rs 2,24,829 crore to more than 2.37 crore taxpayers between 1st April, 2020 to 29th March, 2021, the I-T department tweeted.

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