I-T refunds worth Rs 1.45 lakh cr issued to 89 lakh taxpayers

By: |
December 11, 2020 2:52 PM

"CBDT issues refunds of over Rs 1,45,619 crore to more than 89.29 lakh taxpayers between 1st April, 2020, to 08th December, 2020," the Finance Ministry said in a tweet.

standard deduction, taxpayers, taxation, new tax regime, salaried, Budget 2021, Union Budget 2021, Budget 2021, Union Budget 2021 India, Budget 2021 IndiaBudget 2021 Expectations salaried: Enhancing the standard deduction could provide some respite to the tax weary salaried class.

The Finance Ministry on Friday said the Income Tax Department has issued refunds worth Rs 1.45 lakh crore to about 89 lakh taxpayers so far this fiscal.

This includes personal income tax (PIT) refunds during this period.

“CBDT issues refunds of over Rs 1,45,619 crore to more than 89.29 lakh taxpayers between 1st April, 2020, to 08th December, 2020,” the Finance Ministry said in a tweet.

Do you know What is Positive GDP growth seen in Q3, need to fight inflation: RB, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget? 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
1Economy likely to contract up to 7.5% this fiscal, may see 9-11% growth in FY22: Former CEA Arvind Virmani
2Exports up marginally to USD 27.15 billion in December
3Forex reserves up by USD 758 mn to lifetime high of USD 586.082 bn