Income Tax Department issues Rs 24,792 cr of refunds
Of this, personal income tax refunds worth Rs 7,458 crore were issued in 14.98 lakh cases and corporate tax refunds of Rs 17,334 crore were issued to 43,661 cases.
In the previous fiscal year which ended on 31 March 2021, the department issued Rs 2.62 lakh crore worth refunds to more than 2.38 crore taxpayers.