Income tax refunds worth Rs 1.76 trillion issued between Apr 1-Jan 18

The Income Tax department on Wednesday said it has issued over Rs 1.76 trillion worth refunds to over 1.65 crore taxpayers so far this fiscal.

Income tax refunds worth Rs 1.76 trillion issued between Apr 1-Jan 18
Press Trust of India New Delhi
1 min read Last Updated : Jan 20 2021 | 10:03 PM IST

The Income Tax department on Wednesday said it has issued over Rs 1.76 lakh crore worth refunds to over 1.65 crore taxpayers so far this fiscal.

Of this, personal income tax refunds of Rs 58,631 crore have been issued in 1,62,39,742 cases and corporate tax refunds of Rs 1.17 lakh crore have been issued in 2.11 lakh cases.

"CBDT issues refunds of over Rs 1,76,217 crore to more than 1.65 crore taxpayers between 1st April 2020 to 18th January 2021," the income tax department tweeted.

(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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Topics :Income taxIT refundIncome Tax department

First Published: Jan 20 2021 | 9:52 PM IST

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