I-T refunds worth Rs 5,649 cr issued during April 1-19

By: |
April 21, 2021 6:09 PM

Of this, personal income tax refunds worth Rs 3,073 crore were issued in 7.23 lakh cases and corporate tax refunds of Rs 2,577 crore were issued to 15,206 taxpayers.

CBDT issues refunds of over Rs 5,649 crore to more than 7.39 lakh taxpayers between 1st April, 2021 to 19th April, 2021, the I-T department tweeted.CBDT issues refunds of over Rs 5,649 crore to more than 7.39 lakh taxpayers between 1st April, 2021 to 19th April, 2021, the I-T department tweeted.

The Income Tax Department on Wednesday said it has issued refunds of over Rs 5,649 crore to 7.39 lakh taxpayers during April 1-19, 2021-22.

Of this, personal income tax refunds worth Rs 3,073 crore were issued in 7.23 lakh cases and corporate tax refunds of Rs 2,577 crore were issued to 15,206 taxpayers.

CBDT issues refunds of over Rs 5,649 crore to more than 7.39 lakh taxpayers between 1st April, 2021 to 19th April, 2021, the I-T department tweeted.

In the previous fiscal year which ended on March 31, 2021, the department had issued Rs 2.62 lakh crore worth refunds to more than 2.38 crore taxpayers.

The refund issued in last financial year is 43.2 per cent higher than Rs 1.83 lakh crore issued in 2019-20.

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
1GST exemption on domestic supplies, commercial imports of COVID drugs to make them costlier: FM Sitharaman
2Govt extends antidumping duty on seamless tubes, pipes till October
3Exports rise 80 pc to $7 bn during May 1-7