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IT Refunds Of Over Rs 1.29 Lakh Crore Issued Between April-November

This includes Rs 16,691.50 crore worth refunds to 79.70 lakh taxpayers for Assessment Year 2021-22.

This includes Rs 16,691.50 crore worth refunds to 79.70 lakh taxpayers for Assessment Year 2021-22.

New Delhi: The income tax department on Wednesday said it has issued refunds of over Rs 1.29 lakh crore in 8 months of the current fiscal.

This includes Rs 16,691.50 crore worth refunds to 79.70 lakh taxpayers for Assessment Year 2021-22.

“CBDT issues refunds of over Rs. 1,29,210 crore to more than 1.15 crore taxpayers from 1st Apr 2021 to 29th November 2021,” the I-T department tweeted.

ALSO READ: India’s Q2 GDP Grows At 8.4% In July-September Quarter Of FY21-22

Of this, Income tax refunds of Rs 42,981 crore have been issued to over 1.13 crore individual cases, and corporate tax refunds of Rs 86,228 crore issued in 1.93 lakh cases.

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