New Delhi: The Income Tax Department has issued refunds worth more than Rs 1.36 lakh crore to 41.25 lakh taxpayers so far in the current financial year. The Income Tax Department said that it included Rs 36,028 crore as the amount of personal income tax (PIT) refund, while corporate tax refunds of over Rs 1 lakh crore were issued.
The Income Tax Department tweeted, “CBDT issued refunds of over Rs. 1,36,962 crore to over 41.25 lakh taxpayers between April 1, 2020 and November 24, 2020. Income tax refunds worth Rs 36,028 crore were issued in a total of 39,28,067 cases, and corporate tax refunds of Rs 1,00,934 crore in a total of 1,96,880 cases. ”
