India markets close in 2 hours 37 minutes
  • BSE SENSEX

    52,818.18
    +266.65 (+0.51%)
     
  • Nifty 50

    15,886.10
    +74.25 (+0.47%)
     
  • USD/INR

    73.2700
    +0.0900 (+0.12%)
     
  • Dow

    34,393.75
    -85.85 (-0.25%)
     
  • Nasdaq

    14,174.14
    +104.72 (+0.74%)
     
  • BTC-INR

    2,946,788.25
    +18,016.75 (+0.62%)
     
  • CMC Crypto 200

    1,009.15
    +40.31 (+4.16%)
     
  • Hang Seng

    28,662.69
    -179.44 (-0.62%)
     
  • Nikkei

    29,441.30
    +279.50 (+0.96%)
     
  • EUR/INR

    88.9425
    +0.2328 (+0.26%)
     
  • GBP/INR

    103.3766
    +0.1644 (+0.16%)
     
  • AED/INR

    19.9050
    +0.0260 (+0.13%)
     
  • INR/JPY

    1.4990
    -0.0023 (-0.15%)
     
  • SGD/INR

    55.2730
    +0.0910 (+0.16%)
     

I-T Deptt issues Rs 17,061 cr of refunds this fiscal

·1-min read

New Delhi, May 12 (PTI) The Income Tax Department on Wednesday said it has issued over Rs 17,061 crore of refunds to more than 13 lakh taxpayers so far this fiscal year.

Of this, personal income tax refunds worth Rs 5,575 crore were issued in over 12.71 lakh cases and corporate tax refunds of Rs 11,486 crore were issued to 29,592 taxpayers.

“CBDT issues refunds of over Rs 17,061 crore to more than 13 lakh taxpayers between 1st April, 2021 to 10th May, 2021,' the department tweeted.

It did not specify for which financial year the refunds pertain to. However, it is believed that the refunds are for tax returns filed for 2019-20.

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

The refund issued in 2020-21 is 43.2 per cent higher than Rs 1.83 lakh crore issued in the previous year. PTI JD ANU ANU