Income Tax Refunds Worth Over Rs 1.98 Lakh Crore Issued To 1.95 Crore Taxpayers In Eleven Months: CBDT

The Income Tax department on Wednesday (3 March) said that it has issued over Rs 1.98 lakh crore worth refunds to more than 1.95 crore taxpayers in the current fiscal so far.

The Central Board of Direct Taxes (CBDT) has informed that refunds of Rs 1,98,106 crore have been issued to over 1.95 crore taxpayers between 1 April 2020 and 28 February 2021.

"Income tax refunds of Rs 70,572 crore have been issued in 1,92,45,556 cases & corporate tax refunds of Rs 1,27,534 crore have been issued in 2,19,050 cases," the CBDT said in a tweet on Wednesday.