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Income Tax Refunds 1,23,667 Cr Issued This Fiscal: CBDT

"This includes 75.75 lakh refunds of AY 2021-22 amounting to Rs.15,998.31 crore," the Income Tax Department tweeted.

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Refunds of over Rs 1,23,667 crore have been issued to the taxpayers during the current financial year, the CBDT, informed the Central Board of Direct Taxes (CBDT) on Wednesday. 

The Central Body for Income Tax, CBDT frames policy for the Income Tax Department. 

The Income Tax Department took to Twitter and wrote, "CBDT issues refunds of over Rs. 1,23,667 crore to more than 1.11 crore taxpayers from 1st April 2021 to 22nd November, 2021. Income tax refunds of Rs. 41,649 crore have been issued in 1,08,88,278 cases and corporate tax refunds of Rs. 82,018 crore have been issued in 1,81,218 cases."

"This includes 75.75 lakh refunds of AY 2021-22  amounting to Rs. 15,998.31 crore," the Income Tax Department tweeted.  

Also, the CBDT had increased the due date for filing the Income Tax Returns (ITR) for the assessment year 2021-22 till December 31, due to the continuous technical glitches faced by the taxpayers while using the Income Tax e-portal developed and managed by Infosys.


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income tax refunds This Fiscal income tax department cbdt