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Earnings Tax Refunds Worth Rs 1.50 Lakh Crore Provided Till January 3, 2022

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Earnings tax refunds worth Rs 1.50 lakh crore have actually been released in the existing fiscalNew Delhi: Earnings tax department informed on Wednesday that it has actually issued refunds worth more than Rs 1.50 lakh crore during the present fiscal year (2021-22).

These likewise consist of 1.1 crore refunds of evaluation year 2021-22 amounting to Rs 21,323.55 crore.

CBDT concerns refunds of over Rs 1,50,407 crore to more than 1.48 crore taxpayers from first Apr,2021 to 3rd January, 2022, the I-T department tweeted.Of this, earnings tax refunds of Rs 51,194 crore have been provided in 1.46 crore cases and business tax refunds of Rs 99,213 crore have actually been released in over 2.19 lakh cases.




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