The income tax department on Wednesday said income tax refunds worth over Rs 1.92 lakh crore have been issued to more than 2.24 crore taxpayers so far this fiscal year.
This includes 1.83 lakh crore refunds of Assessment Year 2021-22 (2020-21 fiscal), amounting to Rs 37,961.19 crore.
"CBDT issues refunds of over Rs 1,92,119 crore to more than 2.24 crore taxpayers from April 1, 2021 to March 15, 2022," the income tax department tweeted.
This includes personal income tax refunds of Rs 70,373 crore and corporate tax refunds of Rs 1.21 lakh crore.
Last month, the income tax department said around 6.17 crore I-T returns and about 19 lakh tax audit reports (TARs) have been filed on the new I-T e-filing portal in eight months since its launch. Out of 6.17 crore ITRs filed for the assessment year 2021-22 (FY2020-21), 48 percent of these are ITR-1 (2.97 crore), nine percent is ITR-2 (56 lakh), 13 percent is ITR-3 (81.6 lakh), 27 percent are ITR-4 (1.65 crore), ITR-5 (10.9 lakh), ITR-6 (4.84 lakh) and ITR-7 (1.32 lakh).
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