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Income tax refund of Rs 80,086 crore issued till September 27: CBDT

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CBDT issued refunds worth Rs 80,086 crore to over 49.16 lakh taxpayers from April 1 to September 27.

New Delhi: The CBDT said that over Rs 80,000 crore refunds have been issued to taxpayers during the current financial year.

The Central Board of Direct Taxes (CBDT) formulates the policy for the Income Tax Department.

This figure includes income tax refund of Rs 19,699 crore in 47,53,254 cases and corporate tax refund of Rs 60,387 crore in 1,63,021 cases, the board tweeted on Thursday.

“CBDT issued refunds amounting to over Rs 80,086 crore to over 49.16 lakh taxpayers from April 1, 2021 to September 27, 2021. This includes 20.92 lakh refunds for the assessment year (assessment year) 2021-22, which is Rs 1611.45 crore.”

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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