Income Tax refunds worth Rs 70,120 crore issued between April 1 and September 6

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Sonali Maity | Sep 13, 2021 | Views 70123

Income Tax refunds worth Rs 70,120 crore issued between April 1 and September 6

Income Tax refunds worth Rs 70,120 crore issued between April 1 and September 6

The Income Tax Department announced on Sunday that refunds totaling over Rs 70,120 crore had been granted as of September 6 this year. Personal income tax refunds totaling Rs 16,753 crore were issued in over 24.70 lakh cases, while corporate tax refunds totaling Rs 53,367 crore were provided in 1.38 lakh cases.

More than 26.09 lakh taxpayers received refunds from the Central Board of Direct Taxes (CBDT) between April 1, 2021 and September 6, 2021, according to a tweet from the Income Tax Department.

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