CBDT issues refunds worth over Rs 1,32,381 crore to 1.19 crore taxpayers

CBDT has issued refunds of more than Rs 1,32,381 crore to more than 1.19 crore taxpayers from 1st April 2021 to 6th December 2021.

New Delhi: The Income Tax Department, on Thursday (December 9), announced that the Central Board of Direct Taxes (CBDT) has issued refunds of more than Rs 1,32,381 crore to more than 1.19 crore taxpayers. 

The refunds were issued between 1st April 2021 and 6th December 2021. Out of the total refunds, income tax refunds worth Rs 44,207 crore have been issued in 1,17,32,079 cases. 

On the other hand, corporate tax refunds worth Rs 88,174 crore have been issued in 1,99,481 cases. “This includes 83.28 lakh refunds of the annual year 2021-22  amounting to Rs 17,266.48 crore,” Income Tax Department added.

CBDT issues refunds of over Rs. 1,32,381 crore to more than 1.19 crore taxpayers from 1st Apr,2021 to 6th December,2021. Income tax refunds of Rs. 44,207 crore have been issued in 1,17,32,079cases &corporate tax refunds of Rs. 88,174 crore have been issued in 1,99,481cases. pic.twitter.com/17aRPrkDxc — ANI (@ANI) December 9, 2021

Notably, CBDT had issued refunds worth Rs 1,12,489 crore to 91.30 lakh taxpayers by November 3. The agency works under the Department of Revenue, Ministry of Finance.  

Moreover, the Finance Ministry has extended the deadline for filing ITR from July 31 to September 30 due to the second wave of COVID-19 pandemic that had gripped the nation for months. Also Read: MapmyIndia IPO opens for subscriptions: Check price band, latest GMP

“Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22,” Finance Ministry had said at the time of extension of the deadline. Also Read: PM Kisan Yojana: Farmers could get 10th instalment by December 25, here’s how to check name in list