Income Tax Department issues Rs. 1.95 lakh crore in refunds so far

On Wednesday, Income Tax Department tweeted that so far they have issued over Rs. 1.95 lakh crore worth refunds to over 1.93 crore taxpayers so far.

Personal Income Tax refunds is of Rs. 69,653 crore which have been issued to over 1.90 crore taxpayers
Corporate Tax refunds is of Rs. 1.26 lakh crore which has been issued in 2.17 lakh cases.

The official twitter handle of Income Tax department said “CBDT issues refunds of over Rs 1,95,736 crore to more than 1.93 crore taxpayers between 1st April, 2020 to 22nd February, 2021”.