Report Wire - Income Tax refunds price Rs 1.23 lakh crore issued to 1.11 crore taxpayers to date in FY22

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Income Tax refunds price Rs 1.23 lakh crore issued to 1.11 crore taxpayers to date in FY22

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The Income Tax Department on Wednesday stated it has issued refunds of over Rs 1.23 lakh crore to date this fiscal yr.
This contains 75.75 lakh refunds of Assessment Year (AY) 2021-22 amounting to Rs 15,998.31 crore.
“CBDT issues refunds of over Rs. 1,23,667 crore to more than 1.11 crore taxpayers from 1st Apr, 2021 to 22nd November,2021,” the division tweeted.
This contains private revenue tax refunds of Rs 41,649 crore issued in 1.08 crore instances and company tax refunds of Rs 82,018 crore issued in 1,81,218 instances.