Income tax dept issues refunds of over Rs 1.92 trillion till March 15


The income tax department on Wednesday said income tax refunds worth over Rs 1.92 trillion have been issued to more than 2.24 crore taxpayers so far this fiscal.

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Income Tax department | IT refund | taxpayers

income tax

The income tax department on Wednesday said income tax refunds worth over Rs 1.92 lakh crore have been issued to more than 2.24 crore taxpayers so far this fiscal.

This includes 1.83 crore refunds of Assessment Year 2021-22 (2020-21 fiscal), amounting to Rs 37,961.19 crore.

“CBDT issues refunds of over Rs 1,92,119 crore to more than 2.24 crore taxpayers from 1st Apr, 2021 to 15th March, 2022,” the income tax department tweeted.

This includes personal income tax refunds of Rs 70,373 crore and corporate tax refunds of Rs 1.21 lakh crore.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, March 16 2022. 18:09 IST