I-T refunds worth Rs 1.36 lakh cr issued to 40.19 lakh taxpayers till Nov 17

By: |
November 18, 2020 6:13 PM

This includes Personal income tax (PIT) refunds amounting to Rs 35,750 crore and corporate tax refunds of over Rs 1 lakh crore during this period.

CBDT issues refunds of over Rs 1,36,066 crore to more than 40.19 lakh taxpayers between 1st April, 2020 to 17th November, 2020.CBDT issues refunds of over Rs 1,36,066 crore to more than 40.19 lakh taxpayers between 1st April, 2020 to 17th November, 2020.

The Income Tax department has issued refunds worth over Rs 1.36 lakh crore to over 40 lakh taxpayers so far this fiscal.

This includes Personal income tax (PIT) refunds amounting to Rs 35,750 crore and corporate tax refunds of over Rs 1 lakh crore during this period.

“CBDT issues refunds of over Rs 1,36,066 crore to more than 40.19 lakh taxpayers between 1st April, 2020 to 17th November, 2020. Income tax refunds of Rs 35,750 crore have been issued in 38,23,304 cases and corporate tax refunds of Rs 1,00,316 crore have been issued in 1,95,518 cases,” the I-T 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. Don’t 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.

Next Stories
1India’s Ease of Doing Business score slips on an investor-oriented parameter, says FinMin official
2Hiring activity improving in India; recovery in recruitment in non-tech sectors, says report
3Cohesive national retail policy to help generate up to 30 lakh additional jobs by 2024: CII