“Earnings tax refunds of Rs 16,373 crore have been issued in 22,61,918 instances and company tax refunds of Rs 51,029 crore have been issued in 1,37,327 instances,” the Central Board of Direct Taxes stated on Twitter.
Earlier on August 21, the tax division had stated it had issued refunds of over Rs. 49,696 crore to greater than 22.75 lakh taxpayers between April 1 and August 16. Earnings tax refunds of Rs. 14,608 crore have been issued in 21,50,668 instances & company tax refunds of Rs. 35,088 crore have been issued in 1,24,732 instances, the division had stated.
The division had stated that for fiscal yr 2021-22, it has issued refunds of over Rs. 51,531 crore until August 23. Until date, 93% of the refund claims in earnings tax returns for evaluation yr 2020-2021 have already been processed. Prior to now week,refunds of over Rs. 15,269 crore have been issued which shall be credited to taxpayers shortly, the tax division had stated on Twitter on August 29.
“Over the last yr(FY 20-21), refunds of Rs 2.62 lakh crore (improve of over 42% over FY 19-20) have been issued to over 2.37 crore taxpayers.