Income tax refund of about 2 lakh crores paid this year

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The IT department has issued refunds worth over Rs 1.92 lakh crore so far in this financial year.

The Income Tax Department on Wednesday said that over 1.9 lakh crore refunds have been issued to over 2.24 crore taxpayers in the current financial year so far.

“CBDT issued refunds of over Rs 1,92,119 crore to over 2.24 crore taxpayers from April 1, 2021 to March 15, 2022,” the IT department wrote in a tweet.

Income tax refund of Rs 70,373 crore has been issued in 2,21,62,611 cases and corporate tax refund of Rs 1,21,746 crore has been issued in 2,32,997 cases.

“This includes 1.83 crore refunds for AY 2021-22, which is Rs 37,961.19 crore,” the department said.