As per the recent tweet of Income Tax India, the Central Board of Direct Taxes (“CBDT”) has issued refunds of over Rs. 1,54,302 crore to more than 1.59 crore taxpayers from April 01, 2021 to January 10, 2022.
Income tax refunds of Rs. 53,689 crore have been issued in 1,56,57,444 cases & corporate tax refunds of Rs. 1,00,612 crore have been issued in 2,21,976 cases.
This includes 1.20 crore refunds of AY 2021-22 amounting to Rs. 23,406.28 crore.