Income tax deduction Over Rs 1.15 lakh crore has been released to over 98 lakh taxpayers So far in this financial year, the IT department said on Wednesday.
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These include a refund of Rs 12,616.79 crore to 65.31 lakh taxpayers for the financial year 2020-21 (assessment year 2021-22).
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“CBDT issues refunds of over Rs 1,15,917 crore to over 98.90 lakh taxpayers from April 1, 2021 to November 8, 2021,” the IT department tweeted.
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This includes personal income tax refund of Rs 36,000 crore to over 97.12 lakh taxpayers and Rs 79,917 crore corporate tax refund in over 1.77 lakh cases.