CBDT issues income tax refunds worth Rs 70,120 crore so far in FY22

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 70,120 crore to more than 26 lakh taxpayers so far in the current financial year.

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 70,120 crore to more than 26 lakh taxpayers so far in the current financial year. In a tweet on Sunday, the Income Tax Department said that out of the total refunds income tax refunds consisted of Rs 16,753 crore and corporate tax refunds were worth Rs 53,367 crore. "CBDT issues refunds of over Rs 70,120 crore to more than 26.09 lakh taxpayers between 1st April, 2021 to 6th September, 2021. Income tax refunds of Rs 16,753 crore have been issued in 24,70,612 cases & corporate tax refunds of Rs 53,367 crore have been issued in 1,38,801 cases," it said.