Over Rs 1.54 Lakh Crore Refunds Issued To Income Taxpayers This Fiscal

In a notification, the I-T department said CBDT issues refunds of over Rs 1,54,302 crore to more than 1.59 crore taxpayers from Apr 1, 2021 to January 10, 2022. This includes personal income tax refunds of Rs 53,689 crore to over 1.56 crore entities and corporate tax refunds of over Rs 1 lakh crore to more than 2.21 lakh business entities.

Around 58.9 million income tax returns (ITRs) for assessment year 2021-22 were filed on the tax filing portal of the department by the last date of December 31, 2021. More than 4.6 million tax returns were filed on the due date itself.