New Delhi: The Department of Income Tax (I-T) on Thursday said that it has published a refund of more than Rs 1.54 lakh Crore to more than 1.59 crore taxpayers so far this fiscal.
These include 1.20 crore refunds of assessment of 2021-22 (fiscal ending March 31 2021), amounting to RS 23,406.28 Crore.
“The CBDT issued a refund of more than RS 1,54,302 Crores to more than 1.59 taxpayers from April 1, 2021 to January 10, 2022,” I-T department tweeted.
This includes a personal income tax refund of RS 53,689 Crore to more than 1.56 crore entities and corporate tax returns more than Rs 1 Lakh Crore to more than 2.21 lakh business.
The deadline for submitting a tax return for the 2020-21 fiscal year ended on March 31, 2021, by individual taxpayers ended on December 31, 2021.
For corporate taxpayers, the last date was March 15, 2022.
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