I-T dept issues refunds of over Rs 1.93 trillion so far in FY22
- IBEF
- March 25, 2022
The Income Tax Department has paid refunds of over Rs 1.93 lakh crore (US$ 25.25 billion) to over 2.26 crore taxpayers since the beginning of the fiscal year. This comprises Rs 38,447.27 crore (US$ 5.03 billion) in refunds for the FY21.
CBDT distributed refunds of over Rs 1,93,720 crore (US$ 25.34 billion) to more than 2.26 lakh taxpayers from April 1, 2021- March 20, 2022. This comprises Rs 70,977 crore (US$ 9.28 billion) in personal tax refunds and Rs 1,22,744 crore (US$ 16.06 billion) in corporate tax returns
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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