Income tax refunds of over Rs2.62 lakh cr issued by CBDT in FY21
Mon, Apr 5, 2021 11:22 AM

Income tax refunds of over Rs2.62 lakh cr issued by CBDT in FY21

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The CBDT disbursed refunds of more than Rs2.62 lakh cr to more than 2.38cr taxpayers for the full fiscal year FY21 compared to refunds of Rs1.83 lakh cr during the previous fiscal. With that, income tax refunds have increased by almost 43.2% YoY in FY21. As per the Finance Ministry data, personal income tax refunds of approximately Rs87,749cr was issued in 2,34,27,418 cases in FY21.

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