Question : How much amount of Income Tax refunds have been issued till November 8, 2021 ?
a. Rs 1.15 lakh crore
b. Rs 2.15 lakh crore
c. Rs 3.15 lakh crore
d. Rs 0.75 lakh crore
Ans. a.
Related facts —
- Income tax refunds of over Rs 1.15 lakh crore have been issued to more than 98 lakh taxpayers so far this fiscal year, the I-T department said on November 10, 2021.
- These also include Rs 12,616.79 crore refunds to 65.31 lakh taxpayers for 2020-21 fiscal (Assessment Year 2021-22).
- “CBDT issues refunds of over Rs 1,15,917 crore to more than 98.90 lakh taxpayers from 1st April, 2021 to 8th November,2021.
- This includes personal income tax refunds of Rs 36,000 crore to over 97.12 lakh taxpayers, and corporate tax refunds of Rs 79,917 crore in over 1.77 lakh cases.