Tax Department issues refunds worth Rs 1,02,952 cr to 77.92 lakh taxpayers

CBDT has issued refunds of over Rs 1,02,952 crore to more than 77.92 lakh taxpayers.  

New Delhi: The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1,02,952 crore to more than 77.92 lakh taxpayers from April 1 to October 25, the Income Tax Department said on Wednesday. 

The department said the amount includes 46.09 lakh refunds of Assessment Year (AY) 2021-22 amounting to Rs 6,657.40 crores. 

"CBDT issues refunds of over Rs 1,02,952 crore to more than 77.92 lakh taxpayers from April 1 to October 25. Income tax refunds of Rs 27,965 crore have been issued in 76,21,956 cases and corporate tax refunds of Rs 74,987 crore have been issued in 1,70,424cases," Income Tax Department tweeted.