I-T refunds of Rs 1.14 lakh cr issued between April-August 2022

This include personal and corporate refunds amounting to Rs 61,252 crore and Rs 53,158 crore respectively.

I-T refunds of Rs 1.14 lakh cr issued
Pic: Company website
Updated: Mon, Sep 05, 2022
12:39 PM IST
New Delhi , PTI

The Income Tax department has issued refunds of over Rs 1.14 lakh crore in the first five months of this fiscal.

"CBDT (Central Board of Direct Taxes) issues refunds of over Rs. 1.14 lakh crore to more than 1.97 crore taxpayers between 1st April, 2022 to 31st Aug, 2022" the I-T department tweeted.

This include personal and corporate refunds amounting to Rs 61,252 crore and Rs 53,158 crore respectively.

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