IT Refund: Big News! IT department sent ₹1.23 lakh crore to taxpayers till November 22, know details

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IT Refund: Big News! IT department sent ₹1.23 lakh crore to taxpayers till November 22, know details
IT Refund: Big News! IT department sent ₹1.23 lakh crore to taxpayers till November 22, know details

New Delhi. The Income Tax Department has refunded more than Rs 1,23,667 crore to more than 1.11 crore taxpayers till November 22 in the current financial year (2021-22). This figure is for refunds made between 1 April 2021 and 22 November 2021. Of this, personal income tax refund was Rs 41,649 crore, while that of corporates was Rs 82,018 crore.



 

Income Tax Department tweeted and said, “CBDT has refunded more than Rs 1,23,667 crore to more than 1.11 crore taxpayers between April 1, 2021 and November 22, 2021. Income tax refund of Rs 41,649 crore has been issued in 1,08,88,278 cases and corporate tax refund of Rs 82,018 crore has been issued in 1,81,218 cases.

Significantly, in the last financial year 2020-21, the Income Tax Department had issued tax refunds of Rs 2.62 lakh crore to 2.38 crore taxpayers. This was 43.2 percent more than the refund of Rs 1.83 lakh crore issued in the financial year 2019-20.

Check Refund Status from the new website of Income Tax Department-
>> First of all you have to go to the website www.incometax.gov.in.
>> Enter User ID and Password.
>> After login, you will see the option of e-filing.
>> Now you select Income Tax Returns
>> After that click on View File Return.
>> Now the details of your ITR will be shown.

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