January 21, 2022

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Over Rs 1.54 lakh crore I-T refunds issued till Jan 10

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Over Rs 1.54 lakh crore I-T refunds issued till Jan 10
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Over Rs 1.54 lakh crore I-T refunds issued till Jan 10
Over Rs 1.54 lakh crore I-T refunds issued till Jan 10

NEW DELHI: The income tax (I-T) department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal.
This includes 1.20 crore refunds of assessment year 2021-22 (fiscal ended March 31, 2021), amounting to Rs 23,406.28 crore.
“CBDT issues refunds of over Rs 1,54,302 crore to more than 1.59 crore taxpayers from April 1, 2021 to January 10, 2022,” the I-T department tweeted.
This includes personal income tax refunds of Rs 53,689 crore to over 1.56 crore entities and corporate tax refunds of over Rs 1 lakh crore to more than 2.21 lakh businesses.
The deadline for filing tax returns for the 2020-21 fiscal ended March 31, 2021, by individual taxpayers ended on December 31, 2021. For corporate taxpayers, the last date is March 15, 2022.

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