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.

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).

“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.

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.

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