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CBDT Issues Refunds Of Rs 92,961 Crore to 63.23 Lakh Taxpayers

The department said the amount includes 32.49 lakh refunds of Assessment Year (AY) 2021-22 amounting to Rs. 2498.18 crore.

Representational Image (PTI Photo)

New Delhi: The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs. 92,961 crore to more than 63.23 lakh taxpayers from April 1 to October 18, the Income Tax Department said on Thursday.

The department said the amount includes 32.49 lakh refunds of Assessment Year (AY) 2021-22 amounting to Rs. 2498.18 crore.

Meanwhile, the direct taxes watchdog on September 22, had issued refunds of over Rs. 74,158 crore to more than 45.25 lakh taxpayers between April 1 and September 20. Then, Income tax refunds of Rs. 18,873 crore were issued in 43,68,741cases and corporate tax refunds of Rs 55,285 crore were issued in 1,55,920 cases.

The amount at the time included 17.45 lakh refunds of AY 2021-22 amounting to Rs. 1350.4 crore.

ALSO READ: India Scripts History, Says PM Modi As Country Achieves 100 Cr Covid-19 Vaccination Mark

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