The Income Tax Department on Wednesday said it has issued over Rs 2.04 lakh crore worth refunds to more than 2.09 crore taxpayers so far this fiscal year.
Of this, personal income tax refunds of Rs 73,607 crore have been issued to over 2.06 crore taxpayers and corporate tax refunds of over Rs 1.31 lakh crore issued in 2.21 lakh cases.
“CBDT issues refunds of over Rs 2,04,805 crore to more than 2.09 crore taxpayers between 1st April, 2020 to 15th March,2021,” the department tweeted.
Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Dont forget to try our free Income Tax Calculator tool.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.