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

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"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.