Tax Refunds Of Over Rs 1.06 Lakh Crore Issued To 30.92 Lakh Taxpayers Till Sept. 15: CBDT

The income tax department had issued refunds of over Rs 1.06 lakh crore to more than 30 lakh taxpayers between April 1 to Sept. 15

PTI @PTI_News

16 Sep 2020, 06:58 PM IST

An employee counts Indian rupee banknotes at a Walmart Inc. Best Price Modern Wholesale store in Hyderabad, India. (Photographer: Dhiraj Singh/Bloomberg)

The income tax department on Wednesday said it had issued refunds of over Rs 1.06 lakh crore to more than 30 lakh taxpayers between April 1 to Sept. 15.

This includes personal income tax refunds amounting to Rs 31,741 crore issued to 29.17 lakh taxpayers and corporate tax refunds worth Rs 74,729 crore to over 1.74 lakh taxpayers.

"CBDT issues refunds of over Rs 1,06,470 crore to more than 30.92 lakh taxpayers between April 1, 2020, to Sept. 15, 2020.

"Income tax refunds of Rs 31,741 crore have been issued in 29,17,169 cases & corporate tax refunds of Rs 74,729 crore have been issued in 1,74,633 cases," the Central Board of Direct Taxes tweeted.

CBDT issues refunds of over Rs. 1,06,470 crore to more than 30.92 lakh taxpayers between 1st April,2020 to 15th September,2020. Income tax refunds of Rs. 31,741crore have been issued in 29,17,169 cases & corporate tax refunds of Rs.74,729 crore have been issued in 1,74,633 cases.
— Income Tax India (@IncomeTaxIndia) September 16, 2020

The government has emphasised on providing tax-related services to taxpayers without any hassles and has been clearing up pending tax refunds.